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|English to German translations [PRO]|
Bus/Financial - Insurance / Title insurance
|English term or phrase: lien amount|
|Liability under this commitment or policy as to all City of Cape Coral betterment fees, impact fees and those|
fees relating to sewer, water, alley and other improvement assessments is hereby limited to those which the
City of Cape Coral has filed in the Public Records of Lee County, Florida, and which contain the property
description, name of owners and the lien amount
A lien amount is a sum of money owed to a person who has won a judgment. To recover the funds, that individual can place a lien, essentially a hold, on an asset controlled by the subject of the judgment until the lien is paid. Liens can be levied on real estate, bank accounts, and many other types of assets. When a lien is placed on an asset, people are entitled to information about the amount of the lien, who the funds are owed to, and how to resolve the matter. Until the funds are paid in full, the lien will remain in place and the person will not be able to use the asset in question freely.
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