Used in instances of title of property (such as a vehicle) to refer to the person who has right of property, as opposed to the party that merely has right of possession. The party that only has right of possession is referred to as a registered owner, and in the event the registered owner fails to pay off the lien according to the agreed-to terms, the lienholder has the right to invoke repossession of the property (vehicle).

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  • lienholder — lien·hold·er / lēn ˌhōl dər/ n: lienor Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • lienholder — /leen hohl deuhr/, n. Law. a person who has a lien on particular property. [LIEN + HOLDER] * * * …   Universalium

  • lienholder — n. one who holds a lien on a property (Law) …   English contemporary dictionary

  • lienholder — The holder or owner of a lien …   Ballentine's law dictionary

  • lienholder — ˈ ̷ ̷( ̷ ̷)ˌ ̷ ̷ ̷ ̷ noun 1. : one having a valid lien 2. : one having an inchoate lien capable of being perfected : a lien claimant * * * /leen hohl deuhr/, n. Law. a person who has a lien on particular property. [LIEN + HOLDER] …   Useful english dictionary

  • Vicarious liability — This article is about vicarious liability in private litigation; for vicarious liability in criminal law, see Vicarious liability (criminal). Vicarious liability is a form of strict, secondary liability that arises under the common law doctrine… …   Wikipedia

  • Repossession — is generally used to refer to a financial institution taking back an object that was either used as collateral or rented or leased in a transaction. Note that repossession is a self help type of action in which the party having right of ownership …   Wikipedia

  • Tax lien sale — A tax lien sale is the sale, conducted by a governmental agency, of tax liens for delinquent taxes on real estate. It is one of two methodologies used by governmental agencies to collect delinquent taxes owed on real estate, the other being the… …   Wikipedia

  • Right of possession — The right of possession means that someone currently holds something in hand and this person may be the temporary keeper or the long term owner of an object.Examples* A business buys a vehicle and obtains financing. The company purchasing the… …   Wikipedia

  • Replevin — is an Anglo French law term. It is the noun form of the verb replevy (from Old French replevir, derived from plevir, to pledge). It signifies the recovery by a person of goods unlawfully taken out of his or her possession, by means of a special… …   Wikipedia

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