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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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