Lien

A legal claim against property or settlement proceeds to secure payment of a debt or obligation.

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Detailed Explanation

Attorney liens secure payment for legal services. Medical liens from healthcare providers can attach to personal injury settlements. Tax liens from the IRS or state agencies take priority over most other claims. Mortgage liens secure home loans. Liens must be satisfied before property can be sold or settlement funds distributed.

Related Terms

Settlement

An agreement to resolve a legal dispute without going to trial, where the defendant pays the plaintiff an agreed amount.

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