lienholder Definition
a person or organization that has a legal right to hold onto someone's property until a debt is paid back.
Using lienholder: Examples
Take a moment to familiarize yourself with how "lienholder" can be used in various situations through the following examples!
Example
The bank is the lienholder on my car until I pay off my loan.
Example
The lienholder has the right to repossess the property if the debt is not paid.
Example
The lienholder can prevent the sale of the property until the debt is satisfied.
lienholder Synonyms and Antonyms
Summary: lienholder in Brief
A 'lienholder' [ˈliːnˌhoʊldər] is a person or organization that has a legal right to hold onto someone's property until a debt is paid back. Examples include banks holding car titles and mortgage companies holding home titles until loans are paid off. The lienholder has the right to repossess the property if the debt is not paid and can prevent the sale of the property until the debt is satisfied.
