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TeachMeFinance.com - explain lien lien -- Legal right to hold property of another party or to have it sold or applied in payment of a claim. another definition... Lien -- a legal claim against property that must be satisfied When the property is sold another definition... Lien -- A legally enforceable hold or claim on the property of another obtained as security for the repayment of indebtedness or an encumbrance on property to enforce payment of an obligation. another definition... lien -- a claim by one person on the property of another person making the property security for the payment of a debt. A mortgage is a lien against a house. If the mortgage is not paid on time, the house can be seized to satisfy the lien. historic definition... Lien -- A legal claim or hold on property as security for a debt or a charge. A mortgage is a lien. Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.