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

   Also found in: Medical, Legal, Financial, Encyclopedia, Wikipedia 0.04 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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Another option available to the owner is to file a counterclaim against the lienor for willful exaggeration of the lien.
For example, if a debtor's sale to an alleged lienor will resolve difficult litigation and eliminate the risks of delay and costs of operating a property to resolve disputes, the court will likely consider those factors in addition to the offer price.
If the lienor is successful in proving his lien, the contractor may recover the funds secured by the undertaking.
 
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