Lien

Noun

Definition: A legal claim on a property or asset as security for a debt or obligation.

Synonyms: Claim, Charge, Mortgage

Antonyms: Release, Discharge

Examples:

The bank has a lien on the house until the mortgage is fully paid.
The contractor filed a lien against the property for unpaid work.

Mnemonics:

Think of "lien" as the legal lock on a property until the debt is repaid.

Etymology:

Origin:

Middle English 'lien', ultimately from Latin 'ligare' meaning "to bind"

Historical Usage:

The concept of liens dates back to ancient times, where various forms of liens were used to secure debts and obligations.

Related Idioms:

Idiom:

"Lien holder"

Explanation:

Refers to the person or entity that holds the legal claim on a property or asset.

Misconceptions:

Misconception:

Confusing "lien" with "loan".

Explanation:

While a lien can be associated with a loan, it is not the same thing. A lien represents the legal claim on property or assets, while a loan refers to borrowed funds.