One who holds a lien or the owner of mortgaged property.
The bank that financed your car is a lienholder. This means they have the right to take and hold or sell your car as security or payment for your debt to them. If you don't make payments the bank can take your car and sell it to pay your debt.
Any person or organization who holds a legal claim over the specific property of another as security for debt.
Also called loss payeeA creditor holding title to or having financial interest in an insured car shown on the declaration page. A loss payee's interest is only valid if we are notified of its existence prior to a covered accident or loss
The individual or institution holding a lien.
One who benefits from or holds a lien.