A lien on a certain asset used to secure the repayment of a loan. For example when you take a loan out on a car, the car is signed over to the financial company who loaned the money until the time when the loan is repaid.

Previous Terms: 1031 Exchange, 1035 Exchange, AARP, Abeyance, Abstraction Principle, Accelerated Amortization, Acceptance Credit, Acceptance of a Bill of Exchange, Accommodation Bill, Accommodation Endorser