A financial claim or burden on a property, whether it is voluntary or involuntary.

A financial claim or burden on a property

Multiple choice — select the best answer

ALIEN
BBURDEN
CSITUS
DWAIVER

✓ Correct answer: A. LIEN When a property has a lien, it signifies that there is an outstanding debt. A lien serves as a form of security interest provided over a property item to ensure the repayment of a debt. The property owner who grants the lien is known as the lienee, while the individual who holds the benefit of the lien is referred to as the lienor or lien holder.

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A financial claim or burden on a property, whether it is voluntary or involuntary.

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