Equitable lien
Defined in 2 dictionaries — Case Law, Cyclopedic (1922)
Definitions from Case Law
From 300 U.S. 588 - Martin v. National Surety Co. · 1937Most cited · 425 citing opinions
An assignment ineffective at law may none the less amount to the creation of an equitable lien when the subject matter of the assignment has been reduced to possession and is in the hands of the assignor or of persons claiming under him with notice.
The Cyclopedic Law Dictionary
Walter A. Shumaker and George Foster Longsdorf; ed. James C. Cahill · 1922
One which a court of chancery recognizes, as distinct from strictly legal rights. 99 111. App. 243. A lien such as exists in equity, and of which courts of equity alone take cognizance. 114 111. App. 564.