Lienholder vs Lienor - What's the difference?
lienholder | lienor |
(legal) A lienholder.
* 2009 , Carl J. Circo, Christopher H. Little, American Bar Association, A State-by-State Guide to Construction & Design Law , 2nd Edition,
(legal, Australia) A lienee.
Lienor is a coordinate term of lienholder.
In lang=en terms the difference between lienholder and lienor
is that lienholder is Used in instances of title of property (such as a vehicle) to refer to the person who has right of property, as opposed to the party that merely has right of possession. The party that only has right of possession is referred to as a registered owner, and in the event the registered owner fails to pay off the lien according to the agreed-to terms, the lienholder has the right to invoke repossession of the property (vehicle).lienor is a lienholder.lienor
English
Noun
(en noun)page 161,
- Those mechanic?s lienors' with equal priority to the foreclosing '''lienor''' need not be named as defendants in the action, but should be identified in the complaint, as well as those encumbrances with interests prior in right to the foreclosing ' lienor .
