A lien is a legal claim or right against property that is held as security for the payment of a debt or other obligation. It’s a way to secure repayment of a loan and can be used by creditors to ensure that debtors are paying their debts. Liens are legally binding and may affect how you use or sell the asset in question. In short, a lien can put your assets at risk if you’re unable to meet your obligations, so it’s important to understand all the implications before entering into a loan agreement or any other financial arrangement.