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    Question

    What is Lien

    Concept?
    A A legal right Correct Answer Incorrect Answer
    B Financial liability Correct Answer Incorrect Answer
    C Related to Loan Correct Answer Incorrect Answer
    D A mandatory right Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    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.

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