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Lien

Glossary of Technical Terms, Phrases, and Maxims of the Common Law · Frederic Jesup Stimson · 1881

Glossary of Technical Terms, Phrases, and Maxims of the Common Law

The right of a possessor or bailee to hold the property of another until some demand is satisfied; a special or particular lien, if the demand arise from the property itself, as by labor or service upon it, and the lien is thus confined to that property; a general lien, if the demand is general and indefinite, as for a balance of accounts. In equity, a vendor has a vendor's lien for the unpaid purchase money; a vendee has a lien for purchase money paid before the conveyance is complete. A mechanic's lien, on land and houses for labor done upon them. Maritime liens: for wages, damages by collision, goods supplied a ship, etc. Equitable, mechanics', and maritime liens exist independently of possession.