The words we use

Every term this site puts on a lien, defined once. These are the same definitions behind the help icons on a lien’s own page — not a second set written for this page.

Glossary
Accrued Interest
Statutory interest the asset has earned since it was issued — in Texas, the statutory redemption premium instead. It is already counted inside the redemptive value, not added on top of it.
Acquisition Source
How LienFi obtained the underlying asset: auction, meaning at the sale the county or municipality itself runs — a tax lien sale for a certificate, a tax deed auction for a redeemable deed — or secondary, meaning from a prior holder.
Assessed Value
The value the county or municipality that taxes the underlying property has assessed it at. It is a tax-roll figure, not a market appraisal or a sale price.
Blended APY
The statutory charge over the asset’s full term — interest plus any penalty — restated as an annual rate on face value. It is not a return on what a buyer pays, and a one-off penalty is spread across the term rather than counted in a single year.
Case Number
The court cause number that identifies a redeemable deed. The property is sold at a tax deed auction once its taxes are delinquent and the county or municipality issues the deed after that sale, so no certificate number is ever assigned — the cause number from the delinquent-tax case is what the paperwork carries.
Certificate Number
The number the county or municipality assigned to a tax lien certificate when it sold the unpaid taxes. A redeemable deed has none — see Case Number.
Discount / Premium
How the listing price compares with the redemptive value: a discount is priced below it, a premium above it. A lien priced exactly at redemptive value shows neither.
Estimated Additional
A flat percentage of the assessed property value, set per lien — that is the whole calculation. It is not an appraisal or a forecast, and no payoff figure on this page includes it.
Face Value
The unpaid tax amount the county or municipality sold, and the principal that statutory interest is charged on. The purchase dialog calls the same number the Lien Amount.
Foreclosure Eligibility
The date the underlying asset becomes eligible for foreclosure under state law. It describes the asset, not an action open to you — tokens are acquired and held until redemption or term end.
Interest Rate
The statutory rate this asset earns on its face value. What you actually make depends on when the owner redeems.
LienFi Fee
LienFi’s share of your gain at redemption: a percentage of the amount above what you paid, never of your principal. If the lien redeems at or below what you paid, there is no fee.
Listing Price
The price this lien is offered at. It is the entire amount transferred when someone buys it — network gas is the only other cost.
Listing type
How the seller set the asking price. Par is priced at the redemptive value, so it rises as interest accrues; Fixed price is a flat amount that does not move; Discount and Premium are a set percentage either side of the redemptive value, recalculated on every quote.
LTV Ratio
Lien face value as a share of assessed property value. The marketplace filters call the same number Loan to value.
Maturity Date
The end of the lien’s redemption term. Maturity, Redemption Period and Redeems Before all refer to this same deadline.
Parcel ID
The identifier the county or municipality uses for the taxed parcel itself. It is not the certificate or case number, and not the token ID.
Penalty Rate
Recorded with the asset for reference only. No number on this page uses it — where New Jersey charges a penalty, that penalty comes from a face-value tier table instead.
Per year (net)
Your projected profit restated as an annual rate, so liens with different term lengths can be compared. Net of LienFi’s share of the gain, like the payoff and profit figures above it. The owner may redeem earlier, which changes what this works out to.
Purchase Price
What the current holder paid for this lien. Onchain it is the cost basis LienFi measures its fee against when the lien is redeemed.
Redemption Premium
Texas pays no interest. To redeem, the owner repays the winning bid plus a statutory premium on it — 25%, rising to 50% after the first anniversary on homestead and agricultural property, the only classes with a second year.
Redemptive Value
What the property owner would have to pay today to clear the lien — face value plus statutory interest and fees. This is a calculated estimate only; the final redemption amount is governed exclusively by state statute, and LienFi makes no warranty that the estimate will match it.
Total Yield to Maturity (gross)
The gain from the listing price up to the redemptive value at maturity, as a percentage of the listing price, over the whole term rather than per year. It is gross: LienFi’s share of the gain is not deducted.