What is a "lien"?

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Producer:Videojug
Source Organization:Videojug
Duration: 8:55
Family friendly: Yes
Video quality: 360p
Video frame size: 640x360
Player type: Flash
Encoding format: h.264
Bitrate:900kbps

What is a "lien"?

Mitchell Freedman, CPA/PFS (CEO, MFAC Financial Advisors) gives expert video advice on: Where can I get a loan?; Are credit union loan rates always lower than bank loan rates?; How can I borrow money to buy a car? and more...

A lien is a right that a lender has that is registered and put on public notice so that the lender can be assured that they will be repaid.

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