possessory lien

A lien allowing the creditor to keep possession of the encumbered property until the debt is satisfied.

• A power of sale may or may not be combined with this right of possession. Examples include pledges of chattels, the liens of innkeepers, garageman’s liens, and vendor’s liens. See PLEDGE.

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词条贡献者

译者Peter，毕业于亚洲顶尖的高级翻译学院，擅长翻译各种与复杂金融产品相关的法律文件。