Definitions of consensual lien
a legal claim placed, with the debtor's permission, against the debtor's property and held until the debt is paid
A creditor that becomes secured by mutual agreement with another party has a consensual lien.
főnév
full
noun
a legal claim placed, with the debtor's permission, against the debtor's property and held until the debt is paid
A creditor that becomes secured by mutual agreement with another party has a consensual lien.