lieu means "place" as in "in lieu of" means "in place of" where lien means "hold". A person or company may put a lien on your property for monies owed them. They now have a stake on your assets.
The difference between vacate and satisfaction of a lien is the way in which it was surrendered. During a vacate of a lien, the creditor is releasing the lien on a loan, usually because of a full repayment. The satisfaction of a lien would be like a repossession for non payment to a creditor.
Artisans lien is against personal property and is possessory. Mechanic's lien relates to real property.
A transfer of lien assigns the lien claimant's position in the lien to another party. A release of lien discharges the lien and makes it not appear on a title policy issued for the property.
The general lien refers to any type of security while a perfect lien refers to a specific type of security.
There are many types of liens. An attachment is a type of lien generated by a court during the course of a lawsuit.
There is no difference. The word serviette in lieu of term napkin is not typically used in the United States, but in Canada the two terms are interchangeable.
Release is just that -- No other party has interest or claim to property vs. Transfer which just changes the name of the lien holder and does not Release. hope this helps
A lien is a legal claim on an asset as security for a debt, while a loan is money borrowed from a lender that must be repaid with interest.
The difference between lean and lien in terms of property ownership and financial obligations is that a lean refers to a claim against a property for unpaid debts or services, while a lien is a legal right to keep possession of property until a debt is paid off. Essentially, a lean is a type of lien that specifically relates to property ownership and financial obligations.
particular lien gives right to retain only such goods in respect of which charges due remain unpaid......whereas, general lien gives right to retain any goods belonging to another person for any amount due from him......
A lien is a legal claim on a property to secure a debt, while a mortgage is a type of loan used to purchase a property, with the property itself serving as collateral for the loan.
We are all one. There is no "you" and "me." Rather than say "you and I" it is more correct to say "I and I." "I and I" sometimes just means "I" instead of "we." There is no difference between "I and I"