Maryland Code, REAL PROPERTY 7-205
Current as of: 2023 | Check for updates
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Terms Used In Maryland Code, REAL PROPERTY 7-205
- Lien: A claim against real or personal property in satisfaction of a debt.
The acceptance by the vendor of any guarantee, endorsement, collateral, or other security to insure the full payment of any vendor’s lien, may not be construed as a waiver of the lien. However, the purchaser shall be credited with the proceeds from the sale of any collateral or other securities.