Which phrase best describes a construction lien?

A construction lien, commonly referred to as a mechanic's lien, is specifically designed to protect the rights of contractors, subcontractors, and suppliers who have performed work or provided materials for a construction project but have not been paid. This type of lien allows these parties to claim an interest in the property where the work was conducted, ensuring that they can seek payment through legal means if necessary. Essentially, a construction lien asserts that the property can be encumbered until the debts related to construction services are settled.

The other options focus on different types of liens and do not accurately describe the nature of a construction lien. A voluntary lien implies consent from the property owner, while a construction lien arises from the work done without the necessity of such consent. Property tax assessment liens pertain to unpaid taxes and have a different purpose entirely, while security liens for personal loans relate to the borrowing of money rather than to debt from construction-related work.