lien waiver

Definition

Legal form or document that releases the assets or property of the waiver recipient from all claims of the waiver issuer. It is commonly issued by a service provider (such as an auto mechanic or a contractor) to the customer after receiving full payment for the work done. also called waiver-of-lien.

Use lien waiver in a sentence

I noticed the lien waiver was out and I knew that it was a legal document that had meaning to me in the present moment.

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The lien waiver was included in the evidence presented to the judge as part of the bankruptcy case involving real estate.

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The home owners' association issued a lien waiver on the home owner after his outstanding association fees were paid in full which allowed him access to benefits of the home owners' association.

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