Definitions for "Equitable Lien"
This exists where the person entitled to the lien has not possession but has the right to have the property of another applied to discharge certain liabilities, eg. A partner in a dissolution of partnership has an equitable lien to have partnership assets applied to partnership debts.
Lien recognized in a court of equity.
a legal fiction created by courts in certain circumstances in which justice may require the creation of a lien
a creature of equity based on the equitable doctrine of unjust enrichment, and is a right to have a fund or specific property applied to the payment of a particular debt
a right to have a demand satisfied from a particular fund or specific property
a proprietary interest by way of security
a claim for payment secured by real property not as a result of any agreement between the parties but because of the application of principles of equity and fairness