What is a lien?

Lien Definition: A lien against a property is a claim that gives the lender the right to repossess an asset as collateral if payments for a property or asset are not made. When a lien is placed against assets, this means they can be collected or repossessed to pay the remainder of the debt owing to them.

There are different types of liens, which are often used for property, cars, or another large asset, which include tax, real estate, and bank liens.

Aug 13 - Comparewise Personal Loan Banner

Other Personal Loan Terms:


Didn’t find the information you were looking for?

Send us your questions and we will get back to you.

Car loan?
Personal Loan?

Top deals await you just a short
application away!