Mechanic’s Lien
Barron's Business Dictionary:
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Mechanic’s Lien
lien against buildings or other structures, allowed by some states to contractors, laborers, and suppliers of mate- rials used in their construction or repair. The lien remains in effect until these people have been paid in full and may, in the event of a liquidation before they have been paid, give them priority over other creditors.
| Mean, Geometric, Mean, Arithmetic, Mean Return | |
| Mechanization, Medallion Stamp Program, Media |
Barron's Real Estate Dictionary:
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Mechanic’s Lien
A lien given by law upon a building or other improvement upon land, and upon the land itself, as security for the payment for labor done and materials furnished for improvement. Also called a materialman’s lien.
Example: The unpaid plumber filed a mechanic’s lien against the property while it was under construction. The builder had to satisfy the lien in order to give clear title to the buyer.
Example: The unpaid plumber filed a mechanic’s lien against the property while it was under construction. The builder had to satisfy the lien in order to give clear title to the buyer.
| Maximum Contamination Level (MCL), Maturity | |
| Median Price, Meeting of The Minds |
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Barron's Business Dictionary
Dictionary of Business Terms. Copyright © 2007 by Barron's Educational Series, Inc. All rights reserved.
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