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Statutory Lien
A legal claim or hold on property, established by statute, as security for the payment of a debt or obligation.
Security Interest
A legal claim or lien on property as security for the payment of a debt or obligation.
Judicial Lien
A claim or hold placed on an individual's property as a result of a court judgment, to ensure the settlement of a debt or obligation.
Chapter 7
A provision under the U.S. Bankruptcy Code that deals with liquidation, where a debtor's assets are sold to pay off creditors.
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