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单词 lienholder
释义

lienholder


lienholder

(ˈliːənˌhəʊldə) n (Law) a party who holds a lien on a property Also called: lienor
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Lienholder


Lienholder

The lender on a loan with collateral. When one has placed collateral on a loan, the lienholder has the right to take possession of the collateral in the event of default. One cannot sell the collateral until the loan is repaid.

Lienholder.

A lienholder is the bank, finance company, credit union, other financial institution, or individual with whom you signed an agreement to borrow money using a particular asset, such as a car, as collateral.

As long as there is a balance due on the loan, the lienholder must be repaid before you are free to sell the asset.

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更新时间:2024/12/22 14:13:04