Legal Definitions - lienable

Definition: Lienable is an adjective used to describe property that can legally be subject to a lien. This means that the property can be used as collateral to secure a debt or obligation.

Example 1: A homeowner's property is lienable, meaning that if they fail to pay their mortgage, the lender can place a lien on the property and potentially foreclose on it.

Example 2: A contractor may place a lien on a property if they have not been paid for their work. This means that the property is lienable and can be used to secure the debt owed to the contractor.

These examples illustrate how lienable property can be used as collateral to secure a debt or obligation. It is important to note that not all property is lienable, and the laws regarding liens can vary by state or country.