Lienholders - Hutchinson encyclopedia article about Lienholders Printer Friendly
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lien
(redirected from Lienholders)

   Also found in: Medical, Legal, Financial, Encyclopedia, Wikipedia 0.01 sec.

lien

In law, the right to retain goods owned by another until the owner has satisfied a claim against him by the person in possession of the goods. For example, the goods may have been provided as security for a debt.



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Similarly, lienholders who were merchants sometimes discouraged food production in order to supply the needed commodities at exorbitant rates during the growing season, and then claim a larger portion of the crop at its end.
Researchers found company managers sometimes have concerns that may tempt them to pad earnings--for example, improving their bonuses, appeasing shareholders or lienholders or both and attracting potential investors.
The lienholders and the debtor then get to squabble about the division of the proceeds, while the assets transfer lien-free to the purchaser.
 
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