deferred lien

deferred lien
Lien postponed or delayed in its effect until a future time as contrasted with a present lien; usually possessory in nature

Black's law dictionary. . 1990.

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Look at other dictionaries:

  • deferred lien — Lien postponed or delayed in its effect until a future time as contrasted with a present lien; usually possessory in nature …   Black's law dictionary

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  • lien — /liy(a)n/ A claim, encumbrance, or charge on property for payment of some debt, obligation or duty. Sullins v. Sullins, 65 Wash.2d 283, 396 P.2d 886, 888. Qualified right of property which a creditor has in or over specific property of his debtor …   Black's law dictionary

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