Ballentine's law dictionary. Anderson, W.S.. 1998.
lien — / lēn/ n [Anglo French, bond, obligation, literally, tie, band, from Old French, from Latin ligamen, from ligare to bind]: a charge or encumbrance upon property for the satisfaction of a debt or other duty that is created by agreement of the… … Law dictionary
LIEN — (Heb. שִׁעְבּוּד נְכָסִים, Shibud Nekhasim). The Concept Jewish law enables the creditor to exercise a lien over all the debtor s property, in addition to his remedies against the debtor personally. This lien automatically comes into existence on … Encyclopedia of Judaism
lien — a charge upon a specific property designed to secure payment of a debt or performance of an obligation (Glossary of Common Bankruptcy Terms) A charge against or interest in property to secure payment of a debt or performance of an obligation. A… … Glossary of Bankruptcy
claim — A right to payment (SA Bankruptcy.com) A right to payment, whether or not fixed, contingent, liquidated, disputed, or matured. (Bernstein s Dictionary of Bankruptcy Terminology) BAR DATE The date by which claims must be filed with the Bankruptcy… … Glossary of Bankruptcy
claim — n [Old French, from clamer to call, claim, from Latin clamare to shout, proclaim] 1 a: a demand for something (as money) due or believed to be due; specif: a demand for a benefit (as under the workers compensation law) or contractual payment (as… … Law dictionary
Lien — (l[=e]n or l[imac] [e^]n; 277), n. [F. lien band, bond, tie, fr. L. ligamen, fr. ligare to bind. Cf. {League} a union, {Leam} a string, {Leamer}, {Ligament}.] (Law) A legal claim; a charge upon real or personal property for the satisfaction of… … The Collaborative International Dictionary of English
lien stripping — USA Splitting a lender s claim into secured and unsecured segments and reducing the claim to the value of the debtor s residence. This lets the debtor benefit from an increase in the value of collateral after a bankruptcy case begins by modifying … Law dictionary
claim on property — index charge (lien), cloud (incumbrance), lien, mechanics lien Burton s Legal Thesaurus. William C. Burton. 2006 … Law dictionary
lien stripping — In the consumer bankruptcy context, a strategy often employed by chapter 13 debtors to reduce the amount of a secured claim to the actual value of the collateral where the secured claim is undersecured (the debt is greater than the value of the… … Glossary of Bankruptcy
claim — [n] property, right demanded or reserved affirmation, allegation, application, assertion, birthright, call, case, counterclaim, declaration, demand, dibs, due, entreaty, interest, lien, part, petition, plea, postulation, prerogative, pretense,… … New thesaurus
