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Definition of "lienholder" [lienholder]

  • Used in instances of title of property (such as a vehicle) to refer to the person who has right of property, as opposed to the party that merely has right of possession. The party that only has right of possession is referred to as a registered owner, and in the event the registered owner fails to pay off the lien according to the agreed-to terms, the lienholder has the right to invoke repossession of the property (vehicle). (noun) : Text is available under the Creative Commons Attribution-ShareAlike License

Use "lienholder" in a sentence
  • "The city is allowed to sell liens to an authorized third party, a "lienholder," who then has the authority to collect the money that was owed to the city, plus fees and interest, and ultimately, to begin foreclosure if an agreement with the lienholder is not reached."
  • "I have permission from my lienholder, I have Mexican Insurance BUT no Licence Plate."
  • "Don't know, but I suspect that a lender or lienholder would have the Factura."