Lien. The word gets thrown around like a hot potato on a construction project. Here on the Lien Blog, I use the word constantly, and advocate to credit managers to "file a lien" to protect a company's rights to payment.
But what exactly is a lien? How does it work? What does it do and not do? This is something we've really glossed over here on the Lien Blog, and I feel like its time for a little 101 on the meaning of "lien."
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