- Types:
- show 17 types...
- hide 17 types...
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pledge
a deposit of personal property as security for a debt
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mortgage
a conditional conveyance of property as security for the repayment of a loan
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conditional sale
a security interest taken by the seller in return for credit
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collateral
a security pledged for the repayment of a loan
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lien
the right to take another's property if an obligation is not discharged
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pawn
an article deposited as security
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first mortgage
a mortgage that has priority over all mortgages and liens except those imposed by law
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second mortgage
a mortgage that is subordinate to a first mortgage
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chattel mortgage
a loan to buy some personal item; the item (or chattel) is security for the loan
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guarantee, guaranty
a collateral agreement to answer for the debt of another in case that person defaults
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artisan's lien
lien permitting an artisan to retain possession of a piece of work until has been paid for
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general lien
a lien on all the property owned by a debtor and not just a specific property
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judgment lien
lien on a debtor's property that is granted to a creditor by court judgment; lien may be enforced by having the sheriff seize the property and hold a sheriff's sale
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landlord's lien
lien on a tenant's property for the satisfaction of unpaid rent or property damage; the landlord is given the status of a preferred creditor with regard to the tenant's property
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mechanic's lien
lien to secure payment for work and materials in erecting or repairing a building or other structure
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tax lien
lien of which a tax collector may avail himself in default of taxes (analogous to a judgment lien)
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warehouseman's lien
right of a warehouseman to retain goods until all storage charges have been paid
