Lien
A legal claim or right against an asset, like a vehicle, typically used as collateral for a debt. It secures payment of a loan, giving the creditor the right to repossess the asset if the debt is not repaid.
A legal claim or right against an asset, like a vehicle, typically used as collateral for a debt. It secures payment of a loan, giving the creditor the right to repossess the asset if the debt is not repaid.