Lien in Europe

Definition of Lien

The right to hold the property of another as security for the performance of an obligation.
A possessory lien is the right of the creditor to retain possession of his debtor’s property until his debt has been satisfied. A particular lien exists only as a security for the particular debt incurred, while a general lien is available as a security for all debts arising out of similar transactions between the parties.
A charging lien is the right to charge property in another’s possession with the payment of a debt or the performance of a duty. A maritime lien is a lien on a ship or freight, either possessory, arising out of contracts of carriage, or charging, arising out of collision or other damage. A vendor’s lien is the right of a seller to retain his property till payment of the purchase price. See Mackreth v. Symmons

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Definition of Lien is, temporally, from A Concise Law Dictionary (1927). This page needs to be proofread.

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