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Definitions from the Web

Lienholder

Noun

1. A person or entity that holds a legal claim on an asset or property as security for a debt owed to them.

Sample Sentence 1: The lienholder has the right to repossess the vehicle if the borrower defaults on the loan.

Sample Sentence 2: The lienholder submitted the necessary documents to transfer ownership of the property.

Sample Sentence 3: As a lienholder, the bank had the authority to sell the house to settle the outstanding mortgage.

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• Lienholder Rights