A Lien Is a Legal Right to Seize and Dispose

question 41

True/False

A lien is a legal right to seize and dispose of (usually sell) property for payment of a claim.

---

Definitions:

Start-Up

A newly established business, often focused on a unique product or service, aiming for rapid growth and market penetration.

Retained Earnings

The portion of a company's profits that is kept in the business after dividends have been paid to shareholders, used for reinvestment.

Undistributed Profits

Earnings that a company has made that are not paid out as dividends to shareholders and are instead reinvested in the business or kept as reserves.

Expected Rate of Return

The anticipated amount of profit or loss an investment is projected to generate, expressed as a percentage of the initial investment.