Liens are rights in property to secure the payment of a debt.
If you do not make your payments on time, the creditor can execute on the lien by repossessing the car or foreclosing on the house mortgage. Possessory liens are liens on property that is already in the possession of the creditor. For example, if you take your automobile to a repair shop, the shop has a possessory lien on your car to secure payment of the repair bill. That means it can keep your car until you pay the bill and, if it becomes necessary, can have the car sold to obtain its money. An agisters lien is a special type of possessory lien that applies when one person takes care of the livestock of another by providing board or sometimes training for the horse or other livestock.