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.

Click to compare definitions of General Lien
Click to view definitions beginning ge
  www.debt-glossary.co.uk is a finance, business, investment and stock market resource of common debt words. Stamp Duty Calculator - Income Tax Calculator