Business, Legal & Accounting Glossary
A claim attached to the assets of a company by a debt holder, or a tax authority for the purpose of collecting on an outstanding financial obligation. Holders of liens are usually given priority status over other creditors in the event the company liquidates assets in order to pay down its debts. Liens may also be packaged as a security and sold to investors as a way to finance the debt.
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This glossary post was last updated: 11th August, 2022 | 0 Views.