Nadine has taught nursing for 12 years and has a PhD in Nursing research. In this lesson, you'll learn the definition and characteristics of a scientific theory and understand how theories are formulated. You'll see examples of scientific theories, and after the lesson you can test your knowledge with a brief quiz.
A vendorâs lien is a claim held by a seller on either personal property or real estate, allowing the seller to repossess the property under certain circumstances. It most commonly kicks in when a buyer has fallen behind on payments relating to the property.
A lien holder is someone who has either leased a vehicle to you with an insurable interest, or given you money on loan to buy it. The lien holder is usually a bank or another financial firm. When insuring your car, the lien holder is also included on your policy. This will protect the lien holder in the event that you are in an accident and damage the vehicle. The lien holder has a secured interest in the car.