What is mean by lien amount in Marathi?
a right to keep possession of property belonging to another person until a debt owed by that person is discharged. translation of ‘lien ‘ कर्ज फिटेपर्यंत कर्जदाराची काही मालमत्ता ताब्यात ठेवण्याचा कायदेशीर हक्क
What is the meaning of lien mean?
Definition of lien 1 : a charge upon real or personal property for the satisfaction of some debt or duty ordinarily arising by operation of law The bank had a lien on our house. 2 : the security interest created by a mortgage the lien of a mortgage.
What is a synonym for lien?
synonyms for lien
- charge.
- claim.
- hold on property.
- security on property.
What is meant by lien in banking?
The term lien refers to a legal claim or legal right which is made against the assets that are held as collaterals for satisfying a debt. A lien can be established by a creditor or a legal judgement. The purpose of the lien is to guarantee an underlying obligation such as the repayment of the loan.
What is lien amount in SBI?
Lien amount is a particular limit that is decided and locked by the bank authorities for a limited period. When the bank froze the amount in your account, you will not be able to do any transaction like withdraw it or use it anywhere until the lock is not removed from your account by the bank.
What is lien in bank?
Bank Lien Bank lien is the lien which is often granted when the individual takes a loan from a bank to purchase an asset. For instance, you borrow a loan from a bank to buy yourself a car. The price of the car will be paid by the loan amount. This gives the bank the legal right to grant lien on the car.
What is lien on bank account?
When a bank statement mentions a lien amount, it means someone has entered a lien against the customer’s account for nonpayment of a debt. People can also look up lien information on homes, cars, and other assets. A common source is a mortgage or car loan, where the lender uses the asset as collateral for the debt.
What is lien law?
A security interest or legal right acquired in one’s property by a creditor. A lien generally stays in effect until the underlying obligation to the creditor is satisfied. If the underlying obligation is not satisfied, the creditor may be able to take possession of the property involved.
How do you use the word lien?
Lien in a Sentence 🔉
- The bank has a lien on the truck until the buyer fulfills his financial obligations.
- Since Alvin refuses to make his child support payments, the government has issued a lien on his salary.
- Bill will have a lien on his house until he pays his federal taxes.
What is lien in property?
A lien is a legal right to claim a security interest in a property provided by the owner of the property to the creditor. It is generally used as a guarantee for some sort of legal obligation such as loan repayment.
How can I remove lien from SBI?
- Login to your online banking account (www.onlinesbi.com) and click on “Requests” tab and select “State Bank Virtual Card” option.
- Click on “Cancel Virtual Card” tab.
- After you confirm the action, the lien on the amount will be automatically released.
What is lien in account?
Lien is generally applied for recovery of any charges which are due in the account or in case a temporary credited is posted in your account against Fraud/Dispute raised in the account.
How do I remove a lien from my account?
Satisfy the Lien If you legitimately owe money, you can have the lien removed by paying what you owe to a creditor or attorney. Once you settle the debt, then the bank will receive notice to release your funds. Your debt has been satisfied, the lien removed and you can access your bank account as usual.
Will get meaning in Marathi?
Definition in Marathi: काहीतरी ठोस ताब्यात येणे