A legal term referring to a personal right to possess property or claim debts, which can only be realized by taking legal action.
A Discharge of Lien is a legal instrument issued by the appropriate authorities or courts that effectively release a lien on property once the underlying debt or claim has been paid or resolved to the satisfaction of the lienholder.
A frivolous lawsuit is a legal claim presented in court without substantial grounds or factual support. Such claims are considered a waste of judicial resources and can result in penalties for the party who files them.
A general lien is a legal claim on all the property owned by the debtor, as opposed to a specific property lien, which targets particular assets.
A general tax lien is a legal claim by a government entity against a taxpayer's assets for unpaid tax liabilities, affecting all of the taxpayer's property.
