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General Lien

The definition for General Lien:

(1) A lien such as a tax lien or judgment lien which attaches to all property of the debtor rather than the lien of, for example, a trust deed, which attaches only to specific property. (2) The right of a creditor to hold personal property of a debtor for payment of a debt not associated with the property being held. Must be done under an agreement since against general precepts of law.




Similar Matches

General Membership

General Membership
A partnership made up of general partners, without special (limited) partners.




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