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单词 mortgage lien
释义

mortgage lien


mortgage lien

A charge against property as security for the payment of a loan.

Mortgage Lien


Mortgage Lien

The right of a lender to take possession of a designated piece of real estate if a borrower does not repay a mortgage. For example, if Joe buys a house with a mortgage loan and then defaults, the lender may take possession of the house. The lender releases the lien when the mortgage is fully repaid.
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更新时间:2024/12/22 22:27:23