Liens definition: Copy, customize, and use instantly
Introduction
The term "Liens" refers to legal claims or encumbrances on property or assets, typically used as security for a debt or obligation. Liens are essential in contracts as they establish the rights of creditors, define property interests, and ensure that obligations are fulfilled before ownership or asset transfer.
Below are various examples of how "Liens" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Liens" in secured transactions
This definition ties "Liens" to security interests in collateral.
"Liens" means any mortgage, pledge, security interest, charge, or encumbrance of any kind securing the payment or performance of an obligation.
Definition of "Liens" in real estate financing
This definition connects "Liens" to property-related obligations.
"Liens" refers to any interest, claim, or encumbrance placed on real property as security for the payment of a loan or other financial obligation.
Definition of "Liens" in bankruptcy proceedings
This definition links "Liens" to creditor rights in insolvency.
"Liens" means any legal claim against the assets of a debtor that grants a secured creditor a priority interest in the event of liquidation.
Definition of "Liens" in tax obligations
This definition applies "Liens" to governmental claims.
"Liens" refers to any claim imposed by a governmental authority on property due to unpaid taxes, fees, or other statutory obligations.
Definition of "Liens" in construction contracts
This definition ties "Liens" to contractors' rights.
"Liens" means any claim placed by a contractor, subcontractor, or supplier against a property for unpaid labor, materials, or services rendered.
Definition of "Liens" in asset-based lending
This definition connects "Liens" to financial encumbrances.
"Liens" refers to any security interest granted over the assets of a borrower to secure a loan or financial obligation.
Definition of "Liens" in intellectual property rights
This definition links "Liens" to non-physical assets.
"Liens" means any security interest, pledge, or claim on patents, trademarks, copyrights, or other intellectual property as collateral for a debt.
Definition of "Liens" in maritime law
This definition applies "Liens" to shipping and vessel-related claims.
"Liens" refers to any legal claim against a vessel, its cargo, or freight for unpaid debts, salvage claims, or other maritime obligations.
Definition of "Liens" in consumer credit agreements
This definition ties "Liens" to personal loans.
"Liens" means any claim or security interest placed on personal property, automobiles, or other consumer goods as collateral for credit.
Definition of "Liens" in corporate finance
This definition connects "Liens" to business debts.
"Liens" refers to any encumbrance on corporate assets, including stock pledges or equipment financing, to secure debt repayment.
Definition of "Liens" in equipment leasing
This definition ties "Liens" to leased assets.
"Liens" means any security interest, charge, or encumbrance on leased equipment to secure the lessor’s rights until full payment or contract fulfillment.
Definition of "Liens" in environmental law
This definition connects "Liens" to environmental compliance.
"Liens" refers to any claim imposed by a regulatory authority against property for costs related to environmental remediation or cleanup obligations.
Definition of "Liens" in banking regulations
This definition links "Liens" to financial institution practices.
"Liens" means any interest retained by a bank or financial institution over an account, deposit, or investment as security for outstanding obligations.
Definition of "Liens" in agricultural finance
This definition applies "Liens" to farming-related security interests.
"Liens" refers to any encumbrance or claim on crops, livestock, or farming equipment as collateral for loans or government subsidies.
Definition of "Liens" in stock and securities transactions
This definition ties "Liens" to financial instruments.
"Liens" means any pledge, security interest, or encumbrance placed on stocks, bonds, or other securities as collateral for financial obligations.
Definition of "Liens" in contractor agreements
This definition connects "Liens" to service providers.
"Liens" refers to any legal claim filed by a contractor, engineer, or service provider against a client’s property for unpaid services or contractual obligations.
Definition of "Liens" in judgment enforcement
This definition links "Liens" to court-ordered debt recovery.
"Liens" means any judicial claim placed on a debtor’s real or personal property to enforce a judgment and secure payment.
Definition of "Liens" in cross-border transactions
This definition applies "Liens" to international trade.
"Liens" refers to any legal hold placed on imported or exported goods as security for customs duties, tariffs, or unpaid trade-related obligations.
Definition of "Liens" in franchise agreements
This definition ties "Liens" to franchisor rights.
"Liens" means any security interest or encumbrance granted to a franchisor over the franchisee’s assets to secure contractual obligations.
Definition of "Liens" in insurance claims
This definition connects "Liens" to policyholder obligations.
"Liens" refers to any legal claim held by an insurer on settlement proceeds or policy benefits to recover unpaid premiums or reimbursed expenses.
Definition of "Liens" in intellectual property
This definition ties "Liens" to patents and copyrights.
"Liens" means any claim, security interest, or encumbrance placed on patents, trademarks, copyrights, or other intellectual property as collateral for an obligation.
Definition of "Liens" in bankruptcy proceedings
This definition connects "Liens" to insolvency cases.
"Liens" refers to any legal claim or security interest granted to creditors against the assets of a debtor undergoing bankruptcy proceedings.
Definition of "Liens" in landlord-tenant agreements
This definition links "Liens" to rental properties.
"Liens" means any right granted to a landlord over a tenant’s personal property as security for unpaid rent or damages.
Definition of "Liens" in supply chain finance
This definition applies "Liens" to vendor financing.
"Liens" refers to any security interest placed on goods, materials, or inventory by suppliers to secure payment from purchasers.
Definition of "Liens" in maritime law
This definition ties "Liens" to shipping and vessel ownership.
"Liens" means any claim, encumbrance, or legal right placed on a vessel, cargo, or freight to secure unpaid debts or maritime services.
Definition of "Liens" in construction financing
This definition connects "Liens" to real estate development.
"Liens" refers to any legal claim on a construction project’s property or proceeds to secure payment for contractors, suppliers, or laborers.
Definition of "Liens" in estate planning
This definition links "Liens" to inheritance matters.
"Liens" means any claim or encumbrance placed on inherited property to satisfy outstanding debts or tax obligations of the deceased’s estate.
Definition of "Liens" in transportation and logistics
This definition applies "Liens" to freight and logistics operations.
"Liens" refers to any claim imposed on vehicles, shipping containers, or transported goods as security for unpaid transport fees or lease obligations.
Definition of "Liens" in municipal law
This definition ties "Liens" to local government regulations.
"Liens" means any statutory claim placed on real property for unpaid municipal taxes, utility bills, or code violations.
Definition of "Liens" in employment agreements
This definition connects "Liens" to employee obligations.
"Liens" refers to any security interest retained by an employer over an employee’s bonus, severance, or incentive payments to recover outstanding debts or obligations.
Definition of "Liens" in asset-backed lending
This definition links "Liens" to secured financing.
"Liens" means any charge, security interest, or claim placed on tangible or intangible assets pledged as collateral in a lending arrangement.
Definition of "Liens" in financial derivatives
This definition applies "Liens" to risk management contracts.
"Liens" refers to any encumbrance on underlying assets used in derivatives transactions to secure margin requirements or settlement obligations.
Definition of "Liens" in cooperative housing agreements
This definition ties "Liens" to housing co-ops.
"Liens" means any claim or security interest placed on a cooperative housing unit for unpaid maintenance fees, assessments, or common charges.
Definition of "Liens" in mineral rights agreements
This definition connects "Liens" to resource extraction.
"Liens" refers to any legal claim or encumbrance on mineral rights, oil reserves, or extracted resources to secure royalty payments or operational debts.
Definition of "Liens" in nonprofit organizations
This definition links "Liens" to charitable assets.
"Liens" means any security interest or claim placed on assets owned by a nonprofit organization to secure financing or contractual obligations.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.