New Mexico Statutes > Chapter 48 > Article 1 – Uniform Federal Lien Registration Act
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Terms Used In New Mexico Statutes > Chapter 48 > Article 1 - Uniform Federal Lien Registration Act
- Lien: A claim against real or personal property in satisfaction of a debt.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Personal property: All property that is not real property.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.