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equitable lien

   Also found in: Financial 0.01 sec.

equitable lien n. a lien on property imposed by a court in order to achieve fairness, particularly when someone has possession of property which he/she holds for another. (See: equity, constructive trust, lien)



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Accordingly, the broker sued the buyer for the commissions on the legal theory that it had an equitable lien for her commissions.
11) Can a circuit court impose an equitable lien against homestead realty owned by a payor former spouse/parent for delinquent support?
However, the appeals court relied on Cotnam, (25) in which the court found that state law gave the attorney an equitable lien or interest in both the cause of action and any award.
 
 
 
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