Definition, Meaning & Synonyms

lienor

noun

/ˈliːənɔːr/

Definition

A lienor is a person or entity that holds a lien on a property, giving them a legal right to possess the asset under specific conditions until a debt or obligation is fulfilled.

Examples

The lienor asserted their right over the property when the debtor failed to make payments.
In real estate transactions, understanding the role of a lienor can prevent future legal complications.

Meaning

The lienor is essentially the creditor who has lent money or provided services, securing their interest in a property through a legal claim, known as a lien.