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Terms Used In Illinois Compiled Statutes 770 ILCS 60/8

  • Lien: A claim against real or personal property in satisfaction of a debt.
     All liens or claims for lien which may arise or accrue under the terms of this act shall be assignable, and proceedings to enforce such liens or claims for lien may be maintained by and in the name of the assignee, who shall have as full and complete power to enforce the same as if such proceedings were taken under the provisions of this act by and in the name of the lien claimant.