Terms Used In Iowa Code > Chapter 576 - Forwarding and Commission Merchant's Lien

• Lien: A claim against real or personal property in satisfaction of a debt.
• property: includes personal and real property. See Iowa Code 4.1
• Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. ^{Source: OCC}