Finance
 

Special lien

From Real Estate

A special lien is a lien that binds a specified piece of property which is used as collateral against all one's assets. It creates a right to retain something of value belonging to the other person as compensation for labor, material, or money expended in that person's behalf. In some localities it is called particular lien or specific lien.



Image:Glossary.gif This article is part of the Real Estate Wiki's glossary. To see the entire glossary, click here.
Quick Glossary: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z