loans
lien
A legal right or claim against an asset that is typically used as security to ensure a debt is repaid.
Example
"The bank placed a lien on the house until the mortgage was fully paid off."
💡 Memory Tip
A LIEN LINKS a debt to an asset. If you don't pay, the lender can take the asset.
Etymology
From Old French 'lien' meaning 'bond, tie' — a legal tie to an asset.
Common Misspellings
leinleignleinelieen