choate lien
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 347 U.S. 81 - United States v. City of New Britain · 1954Most cited · 2,299 citing opinions
A lien may be perfected in the sense that there is nothing more to be done to have a choate lien—when the identity of the lienor, the property subject to the lien, and the amount of the lien are established.