A form of encumbrance that usually makes a specific parcel of real property the security for the payment of a debt or discharge of an obligation. (e.g. judgments, taxes, mortgages, deeds of trust.)
Written by Jack O'Donohue
Updated over 5 years agoA form of encumbrance that usually makes a specific parcel of real property the security for the payment of a debt or discharge of an obligation. (e.g. judgments, taxes, mortgages, deeds of trust.)