A right someone else holds in your property, such as a mortgage, lien, or vehicle loan.
For example, if you buy a car and take out a loan to pay for part of it, the company that loaned you the money has an encumbrance on the car.
A right someone else holds in your property, such as a mortgage, lien, or vehicle loan.
For example, if you buy a car and take out a loan to pay for part of it, the company that loaned you the money has an encumbrance on the car.