Lien Amount Meaning In English
Lien Amount translation, meaning, definition, explanation and examples of relevant words and pictures - you can read here.
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Meaning
The lien Amount in banking refers to the amount that is put on hold. The amount can’t be debited. Due to some reasons, the bank will hold this amount. The reason may be an unpaid loan amount, incomplete KYC, or any of the suspected transactions, not maintaining a minimum balance, and a lot more.
Example
If you want to clear your lien (locked) amount, you have to find the reason for the bank to hold your amount as a lien balance. You can visit your bank branch and once you find the reason, you have to solve it. After this, by contacting your bank, you can clear it.
Sentence
By clearing the problem behind the lien balance, you can access the amount.
