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Recording (of Lien)

 
Banking Dictionary: Recording (of Lien)
 

Public acknowledgment of a lien against specific property identified in a mortgage, and recorded in a public land record office. The details of a properly executed legal document, such as a mortgage, deed of trust or extension of a mortgage are noted, and become part of the public record.

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Banking Dictionary. Dictionary of Banking Terms. Copyright © 2006 by Barron's Educational Series, Inc. All rights reserved.  Read more