Property Ownership
Under NC law, a 'lien' on real property is best described as:
AAbsolute ownership of the property
BA monetary claim or encumbrance against the property as security for a debt✓ Correct
CAn easement allowing access across the property
DA deed restriction limiting use
Explanation
A lien is a claim or encumbrance against real property to secure payment of a debt or obligation; examples include mortgages, tax liens, and mechanic's liens.
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