Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
What is lien?
Expert Solution
Step 1
Lien:
This is a case or legitimate right against properties normally utilized as collateral so as to pay an obligation.
Step 2
A bank or a legitimate judgment could set up a lien. A lien assists with securing a hidden commitment, for example, reimbursing a credit.
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