What's the difference between lien and mortgage?

Lien


Definition:

  • () of Lie
  • (obs. p. p.) of Lie. See Lain.
  • (n.) A legal claim; a charge upon real or personal property for the satisfaction of some debt or duty; a right in one to control or hold and retain the property of another until some claim of the former is paid or satisfied.

Example Sentences:

  • (1) Through a spokeswoman, Vaccaro said the previous arrests never resulted in a conviction, and that he has paid the tax liens.
  • (2) Unlike Lien, Liu has no choice in the matter; he is serving 11 years in a prison in northern China.
  • (3) The Greek government’s willingness to walk into the fire is a dangerous proposition for Europe and the global markets,” said Kathy Lien, managing director of FX strategy for BK Asset Management in New York, in a note to clients.
  • (4) The results are summarized as follows: 1) Oral administration of 0.5 g of Ko-ken-huang-lien-huang-chin-tang (pueraria, coptis, scute and licorice combination) to piglets at 1 day old was effective in reducing incidence of infection (P less than 0.1) and increasing the body weight gain (P less than 0.05) during the first 10 days of life.
  • (5) Facebook Twitter Pinterest US President Barack Obama waves after eating dinner at Bun cha Huong Lien with Anthony Bourdain in Hanoi.
  • (6) A total of 166 Ami and 128 Atayal adolescents were included from their original living area, the Hwa-Lien Hsin and Wa-Lai District, Taiwan, Republic of China.
  • (7) These results indicate that the properties of the effect of Lien on haemodynamics may be similar to those of verapamil and different from those of Qui.
  • (8) Sitting amid buckets of rice in the market, Nguyen Thi Lim Lien issues a warning she desperately hopes the world will hear: climate change is turning the rivers of the Mekong Delta salty.
  • (9) US Secret Service and local police closed down the streets surrounding Bun Cha Huong Lien eatery on Monday evening.
  • (10) We have had no lien on the Chinese mainland since the Boxer rebellion .
  • (11) While 54-year-old restaurant owner Nguyen Thi Lien knew a foreign television crew was on the way, she had no idea they would be bringing a very special guest.
  • (12) Te-An Lien of Chinese Taipei just completed the third round, and he’s in last place (39th, to be precise).
  • (13) Reporters crammed into the meeting room in a Beijing hotel asked whether the organisers had even spoken to Lien's office.
  • (14) The problem lies in a part of the business that focuses on "second-lien" loans, often known as piggybank loans because they are taken out as well as mortgages.
  • (15) We didn't see a huge reaction in the pound because it's late in the New York session but you'll see some more aggressive selling when the market opens (in Asia) on Sunday," Kathy Lien, managing director of BK Asset Management in New York told Reuters.
  • (16) Koso-san (Hsiang-su-san), Oren-gedoku-to (Huang-lien-chieh-tu-tan), Gorei-san (Wu-ling-san), Kakkon-to (Ko-ken-tang) and Byakkoka-ninjin-to (Pai-hu-chia-jen-sheng-tang) showed no effects.
  • (17) A 58-year-old housewife from Ar-Lien village, Kao-Hsiung County, was admitted to the National Taiwan University Hospital in July 1988, after suffering from diarrhea, lower leg edema and weight loss for one year.
  • (18) Fossil fuels will play a large part in that, so CCS has to play a role too,” said Norway’s energy minister Tord Lien.
  • (19) Thus, in cases where the diagnosis is proven and the course of the disease is reasonably mild and painless, conservative management of intrascrotal hydatid torsion is possible and can be an effective means of treatment in lien of surgical intervention.
  • (20) Federal tax liens filed against Brockmeyer by the Internal Revenue Service (IRS) state that he has tens of thousands of dollars in overdue personal income taxes from joint filings with his wife, Amy.

Mortgage


Definition:

  • (n.) A conveyance of property, upon condition, as security for the payment of a debt or the preformance of a duty, and to become void upon payment or performance according to the stipulated terms; also, the written instrument by which the conveyance is made.
  • (n.) State of being pledged; as, lands given in mortgage.
  • (v. t.) To grant or convey, as property, for the security of a debt, or other engagement, upon a condition that if the debt or engagement shall be discharged according to the contract, the conveyance shall be void, otherwise to become absolute, subject, however, to the right of redemption.
  • (v. t.) Hence: To pledge, either literally or figuratively; to make subject to a claim or obligation.

Example Sentences:

  • (1) • This article was amended on 1 September 2014 because an earlier version described Platinum Property Partners as a buy-to-let mortgage lender.
  • (2) Gross mortgage lending stood at £7.9bn in April compared with £8.7bn in March and a six-month average of £9.9bn.
  • (3) "We have concerns that a potential buyer looking at a property may not value the improvements carried out under Green Deal and may not want to pay for them," a mortgage industry source told the Observer .
  • (4) The Guardian has a mortgage advice service, provided by London & Country
  • (5) Santander's new mortgage range complements this, putting our relationship with our customers at the heart of our business and ensuring they get the right mortgage for them – one they can afford and which meets their needs."
  • (6) To comply with these rules, interest is not paid on Islamic savings or current accounts, or charged on Islamic mortgages.
  • (7) The BBA statistics director, David Dooks, said: "It was no surprise to see the January mortgage figures falling back from December, when transactions were being pushed through to beat the end of stamp duty relief.
  • (8) The City watchdog said call handlers at Yorkshire, the UK’s second-biggest building society after Nationwide, failed to deal properly with customers who contacted the society about problems paying their mortgage.
  • (9) One mortgage payer, writing on the MoneySavingExpert forum, said: "They are asking for an extra £200 per month for the remaining nine years of our mortgage.
  • (10) "Getting a 95% loan to value mortgage lets you speculate on the expected house price increases a lot more than a 75% mortgage," he said.
  • (11) Childcare carves out a hefty third of household income for one in three families, overshadowing mortgage repayments as the biggest family expenditure .
  • (12) It’s been widely reported that black people are disproportionately harmed by the mortgage market.
  • (13) Would I be stupid not to wait another six months or so, to get a 90% mortgage given the cons of Help to Buy?
  • (14) Data from a sample of completed property sales provided by mortgage lenders, representing about 65%-70% of homes bought with mortgages.
  • (15) Alternatively, if your mortgage has been going for a few years – and so a reasonable amount of capital has been repaid, you may be able to borrow back up to the value of the original mortgage.
  • (16) As part of the plan, the treasury and the Federal Deposit Insurance Corporation will guarantee against the "possibility of unusually large losses" on up to $306bn of risky loans and securities backed by commercial and residential mortgages.
  • (17) Mortgage lenders are failing to follow rules designed to help people avoid repossession, according to a damning report published today.
  • (18) The main plans include: • a scheme to help buyers secure mortgages of up to 95% loan-to-value.
  • (19) If Thatcher's government is in part to blame, then Bill Clinton's is even more so; driven by a desire to let every American own their own home, it was Clinton's decision to create the ill-fated sub-prime mortgage system .
  • (20) For those who can't stump up more than 5% of the agreed price, he suggests guarantor mortgages, such as that offered by Lloyds TSB.