A lien amount refers to the amount locked in a bank account or a credit limit on a credit card by the bank or financial institution. The lien is typically imposed as a security measure against outstanding dues or potential liabilities. It ensures that the specified amount is temporarily unavailable for withdrawal or utilization, safeguarding the interests of the bank or lender. Lien amounts can be applied for various reasons, such as unpaid loans, credit card bills, or legal obligations.
