ENCUMBRANCER Meaning and
Definition
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An encumbrancer, in the legal context, refers to a person or entity who holds a legal claim or interest on a specific property, either by way of a mortgage, lien, charge, or any other form of security. This interest acts as a burden or encumbrance on the property and may restrict the owner's ability to deal with it freely.
Encumbrancers typically attain their rights through a legal agreement or contract, whereby they lend money or provide services to the property owner, and in return, they are granted a security interest over the property. These interests are usually recorded in public records, ensuring that other parties are notified of their existence when dealing with the property.
The rights of an encumbrancer can vary depending on the type and priority of their claim. It is not uncommon for multiple encumbrancers to hold interests on the same property, and the order of priority determines who would be paid first in case of the property's sale or foreclosure.
An encumbrancer also has the power to enforce their interest through legal means if the property owner defaults on their obligations or breaches the agreement. This enforcement may include foreclosure, possession, or other remedies available under the relevant jurisdiction's laws.
In summary, an encumbrancer is an individual or entity that holds a legal interest, such as a mortgage or lien, on a property, creating a burden or encumbrance on the owner's rights and ability to deal with the property.
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One who holds an encumbrance on an estate.
Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
Common Misspellings for ENCUMBRANCER
- wncumbrancer
- sncumbrancer
- dncumbrancer
- rncumbrancer
- 4ncumbrancer
- 3ncumbrancer
- ebcumbrancer
- emcumbrancer
- ejcumbrancer
- ehcumbrancer
- enxumbrancer
- envumbrancer
- enfumbrancer
- endumbrancer
- encymbrancer
- enchmbrancer
- encjmbrancer
- encimbrancer
- enc8mbrancer
- Encombrancor
Etymology of ENCUMBRANCER
The word "encumbrancer" is derived from the verb "encumber", which is composed of the prefix "en-" (meaning "to cause to") and the noun "cumber" (meaning "burden" or "obstacle"). The word "cumber" itself originated from the Old English word "comber" or "cumbor", which meant "to obstruct" or "to hinder". Over time, "encumber" evolved to mean "to burden" or "to weigh down". From "encumber", the noun form "encumbrance" was formed, which refers to a burden, hindrance, or obligation. And finally, "encumbrancer" is the person or entity holding an encumbrance, typically a legal claim or a lien on property.
Similar spelling word for ENCUMBRANCER
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