Business / Taxes / Lienholder: A lienholder is the bank, finance company, credit union, other financial institution, or individual with whom you signed an agreement to borrow money using a particular asset, such as a car, as collateral. As long as there is a balance due on the loan, the lienholder must be repaid before you are free to sell the asset.
Business / Accounting / Lien: A court order where a creditor places a claim on property or other types of security owned by the debtor to recover the costs of the debt. MORE
Business / Real Estate / Antimerger Clause: A clause in a mortgage or deed of trust specifying that the senior lienholder will retain lien priority in the event of a merger. MORE