General lien

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WordNet 2.0 DictionaryDownload this dictionary
general lien
Noun
1. a lien on all the property owned by a debtor and not just a specific property
(hypernym) lien



Campbell R. Harvey's Hypertextual Finance DictionaryDownload this dictionary
General lien
A lien, which gives the lender the right to seize the personal property of a borrower who has not fulfilled the obligations of the loan, but prevents the lender from seizing real property.

Copyright © 2000, Campbell R. Harvey. All Rights Reserved.

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