Definitions for "General Lien" Add To Word List
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A lien applied to all goods, not just the goods giving rise to the debt, owned...
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A type of lien that applies to all the assets or properties that a debtor possesses.
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A lien against all property of a debtor.
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a lien on all the property owned by a debtor and not just a specific property
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a charge upon specific property which the holder thereof is entitled to enforce as a security for the performance of the obligation which exists in his favor against the owner of the property
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a right of a creditor to retain property, not merely for charges relating to it specifically, but for debts due on a general account
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A lien (example: a tax lien or judgment lien) that attaches to all property of a debtor. For example, a trust deed attaches only to a specific property.
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A document that shows that a bank has the right to retain any property or asset until a debt is repaid.
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A broad-based, unsecured claim that allows the creditor to pursue any assets owned by the defaulting party.
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an obligation secured by an entire property, as opposed to just a portion of the interest in a property
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An attachment that 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.
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A lien on all property, both real and personal, of a debtor.
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A broad-based claim against several properties owned by a defaulting party.
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lien against both personal property and real property of a borrower. Compare to specific lien. For more information, see the "Real Estate Introduction" article in the "Real Estate In-Depth" section.
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The right of a creditor to have all of a debtor's property—both real and personal—sold to satisfy a debt. (See lien)
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A registered claim against property which, instead of attaching just to one property, attaches to all properties owned by the party against whom the claim has been made.
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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 a specific property.
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A lien on all property of a debtor, both real and personal.
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A lien that includes all of the property owned by the debtor, rather than a specific property.
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A lien that includes all the property owned by a debtor, rather than a specific property. Also see Specific Lien.
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Sets out in writing the Bank's right to retain property until a debt is paid. Includes Power of Attorney and other clauses generally contained in Bank security forms.
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Lien against an individual that gives the right to seize personal property to pay off a debt. The property seized does not have to be the property that causes the debt. The lien does not give the right to seize real property such as land. See: Discharge of Lien
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A lien that includes all the property owned by a debtor, rather than a specific property. Contrast with Specific Lien.
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A lien on all the property of a debtor.
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A lien (such as a tax lien or judgment lien), which attaches to all of a person's property.
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A lien which affects all property that is owned by one person.
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A lien which attaches to all property owned by the debtor.
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