noun
- Plural of encumbrancer; persons or entities that hold a legal claim or lien against a property or asset.
Usage: Legal/financial term; Chiefly used in property law and real estate contexts
Examples
- The bank and mortgage company were listed as encumbrancers on the property deed.
- All encumbrancers must be notified before the sale of the real estate can be finalized.
- The title search revealed several encumbrancers with claims against the estate.
- Encumbrancers have the right to be paid from the proceeds of a foreclosure sale.
- The lawyer identified all encumbrancers to ensure proper distribution of funds at closing.