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

译员Clara，毕业于国内知名法学院，擅长翻译有关建筑领域的法律文件。