lienholder
Claim-holding creditor
A lienholder is a person or institution that holds a lien—a legal claim against property as security for a debt.
Banks are lienholders on financed cars and mortgaged homes until the loans are paid off.
The lienholder can seize the property if the borrower defaults: The lienholder repossessed the vehicle after three missed payments.
Security for debt
- mortgageSecured home loan
- pledgeBinding promise given
- encumbranceHindrance or legal claim
- chargeCost or accusation
attachment · perfected · priority · subordination · senior · junior · filing · perfection
Formal honorific or name
- deedWritten property conveyance
- assetItem of value owned
- equityImpartial treatment or ownership value
- encumbranceHindrance or legal claim
vehicle · abstract · escrow · settlement · conveyance · transfer · registration · DMV
One who owes
- borrowerOne who takes temporarily
- lenderOne who loans money
- loanBorrowed money repaid later
- debtMoney owed another
default · collection · repayment · delinquency · indebtedness · guarantor · obligation · receivable
Lender seizes mortgaged property
- repossessionCreditor seizing collateral
- seizureForcible taking or convulsion
- defaultPreset standard option
- auctionCompetitive public sale
acceleration · cure · reinstatement · redemption · judicial · nonjudicial · writ · levy
collateral
Security for debt
- mortgageSecured home loan
- pledgeBinding promise given
- encumbranceHindrance or legal claim
charge · attachment · perfected · priority · subordination · senior · junior · filing · perfection · recording
title
Formal honorific or name
encumbrance · vehicle · abstract · escrow · settlement · conveyance · transfer · registration · DMV · chattel
debtor
One who owes
debt · default · collection · repayment · delinquency · indebtedness · guarantor · obligation · receivable · subrogation
foreclosure
Lender seizes mortgaged property
- repossessionCreditor seizing collateral
- seizureForcible taking or convulsion
- defaultPreset standard option
auction · acceleration · cure · reinstatement · redemption · judicial · nonjudicial · writ · levy · execution
- mortgagesfixed-rate mortgage, mortgage broker, adjustable-rate mortgage, mortgage payment, mortgage insurance
- auto loansauto loan, car loan, loan amount, loan term, monthly payment
- DMVDMV, license plates, car registration, learner's permit, road test
- financial institutionsbanks, central bank, commercial banks, investment bank, investment banks
- loan termsunsecured loans, interest rate, loan term, short-term, secured loans
- foreclosureforeclosure auction, forced sale, foreclosure prevention, foreclosure notice, foreclosure sale
lienholderproperty owner
One who holds title
title holder · titleholder · debtor · borrower · obligor