A lienor is an individual who is holding (or in some cases may be the owner instead) a lien on another individual’s property or funds. What this means specifically is that the lienor is an individual (or an organization in some instances) who is holding onto someone else’s property who owes them money, and will continue to possess that property until the money is paid back. To further explain, a lien is a type of security interest that is granted by an owner of a property over that property itself in order to secure debt payments for some other obligation. The property owner, who grants the lien in the first place, is known as the lienee. This is a very particular type of security interest in that it is a passive right to hold onto the property, but not sell it, until the money is paid back.
[Last updated in June of 2020 by the Wex Definitions Team]