Statutory Lien

Business / Real Estate / Statutory Lien: A lien imposed on property by statute—a tax lien, for example—in contrast to an equitable lien, which arises out of common law.

Equitable Lien

Business / Real Estate / Equitable Lien: A lien arising out of common law—in contrast to a statutory lien, which is imposed on property by statute. MORE

Mechanics Lien

Business / Construction / Mechanics Lien: A lien on real property, created by statue in many years, in favor of persons supplying labor or materials for a building or structure, for the value of labor or materials supplied by them. In some ju MORE

Statutory Law

Business / Real Estate / Statutory Law: The laws, rules and regulations enacted by legislatures and other governing bodies. MORE

Specific Lien

Business / Real Estate / Specific Lien: A lien affecting or attaching only to a certain, specific parcel of land or piece of property. MORE

Statutory Benefits

Business / Human Resources (HR) / Statutory Benefits: Benefits that are mandated by federal or state laws, such as Social Security, unemployment insurance and workers’ compensation. MORE

Resilient Mounting

Technology / Motors / Resilient Mounting: A suspension system or cushioned mounting designed to reduce the transmission of normal motor noise and vibration to the mounting surface. This type of mounting is typically used in fractional motors MORE

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