Quick Answer: How Do You Spell Incumbrances?

What is the meaning of Lien?

1 : a charge upon real or personal property for the satisfaction of some debt or duty ordinarily arising by operation of law The bank had a lien on our house.

2 : the security interest created by a mortgage the lien of a mortgage..

What does free from encumbrances mean?

Freedom from encumbrance refers to the freedom of property from the binding rights of parties other than the owner. In contracts for the sale of goods, there is an implied warranty that the goods are free from any encumbrance.

What is another word for Lien?

liencharge.claim.hold on property.security on property.

Are any assets encumbered?

Encumbered Asset . – means an asset that is pledged to secure a loan, advance or other debt obligation such that the asset is no longer available to support liabilities to depositors and creditors.

Is Encumbersome a word?

Encumbersome has no English definition. It may be misspelled.

What is an example of an encumbrance?

An encumbrance is a claim against a property by a party that is not the owner. … The most common types of encumbrance apply to real estate; these include mortgages, easements, and property tax liens. Not all forms of encumbrance are financial, easements being an example of non-financial encumbrances.

What does over encumbered mean?

Over encumbered means you are carrying more than you character can physically handle.

What does debt encumbered mean?

Encumbered securities (or encumbered assets) are securities that are owned by one entity, but which are at the same time subject to a legal claim by another. A lien is a common example of a en encumbrance placed on a property that still has outstanding debts owed to creditors, such a an unpaid mortgage.

What is the difference between encumbered and unencumbered?

As adjectives the difference between unencumbered and encumbered. is that unencumbered is not burdened with worries, cares or responsibilities while encumbered is weighted down, loaded sufficiently to make slow.

What is the meaning of Incumbrances?

incumbrance – any obstruction that impedes or is burdensome. hinderance, hindrance, preventative, preventive, encumbrance, interference, hitch. clog – any object that acts as a hindrance or obstruction. impedimenta, obstruction, obstructor, obstructer, impediment – any structure that makes progress difficult.

How do you use encumbrance in a sentence?

Encumbrance in a Sentence 🔉If it weren’t for the encumbrance of procrastination, I would be a productivity machine! … Although she had expected her little brother to be an encumbrance when her friends came over, she was pleased to see that they all enjoyed playing with him.More items…

What is a specified Incumbrance?

Specified incumbrances. : As set out in the Property and Charges Registers of the Sellers’ title (excluding and financial charges created by the Seller) and the covenants conditions exceptions reservations stipulations rent and other matters contain or referred to therein.

What is another word for encumbrance?

In this page you can discover 23 synonyms, antonyms, idiomatic expressions, and related words for encumbrance, like: impedimental, burden, hindrance, impediment, difficulty, complication, debt, embarrassment, handicap, incubus and obstacle.

How do I get a lien removed?

Login to your online banking account (www.onlinesbi.com) and click on “Requests” tab and select “State Bank Virtual Card” option.Click on “Cancel Virtual Card” tab.After you confirm the action, the lien on the amount will be automatically released.

What is an example of a lien?

The definition of a lien is a claim on property as security to make sure someone repays money they’ve borrowed. An example of a lien is a bank holding the title to a car until the car loan has been completely paid. … A security interest, held by a creditor in a debtor’s property, to secure a loan.

How do you spell encumbrance?

noun. something that encumbers; something burdensome, useless, or superfluous; burden; hindrance: Poverty was a lifelong encumbrance.

What is encumbered property?

An encumbrance is a registered interest in land by a person who is not the land owner, and any encumbrances on a property can usually be found listed on the Certificate of Title.

What is the best definition for encumbered?

1 : weigh down, burden tourists encumbered by heavy luggage. 2 : to impede or hamper the function or activity of : hinder negotiations encumbered by a lack of trust. 3 : to burden with a legal claim (such as a mortgage) encumber an estate.