: It serves as security for a debt; if the debtor fails to pay, the lienholder can often take legal action to foreclose and sell the property to recover the owed amount. 2. General Types of Liens
: Voluntary agreements, such as a mortgage on a home or a loan for a vehicle. Lien 1:Regarder
: Some common-law liens (like a carrier's lien) allow a creditor to keep physical possession of property until the debt is settled. 4. Practical Implications : It serves as security for a debt;