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Definitions from the Web

Lien Rights

Description:

Lien rights refer to the legal entitlement that individuals or entities possess to place a claim or encumbrance on someone else's property as a means of securing the payment of a debt. These rights ensure that creditors have a legal recourse to recover the owed funds by attaching a lien to the property.

Sample Sentences:

1. Noun (Plural):

The construction company asserted their lien rights on the property after the homeowner failed to make payment for the completed renovations.

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2. Adjective:

The lien rights notice must be filed within a specific time frame to maintain a valid claim.

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3. Verb:

The subcontractor decided to lien rights against the project owner's property to ensure payment for the services rendered.

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4. Adverb:

The contractor promptly filed a lien rights claim when the client defaulted on payment.

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