|
|
General lien |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
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.General lienThe legal right for a creditor to seize the assets of a debtor to satisfy an outstanding debt.General lienAn 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.General lien Similar MatchesGeneral partnerGeneral partnerA participant who has unlimited liability for the obligations of a partnership. General MembershipGeneral MembershipA partnership made up of general partners, without special (limited) partners. Director GeneralDirector GeneralTitle given to the person who heads certain international organizations, including the WTO. General Mortgage BondGeneral Mortgage BondIn the US, this refers to a bond that is secured by a blanket mortgage on the issuing company's property, though it may be outranked by one or more other mortgages. General obligation bondGeneral obligation bondA municipal bond whose interest and principal payments are supported by the full faith and credit of the issuing authority. Further SuggestionsGeneral equilibriumGenerally Accepted Accounting Principles (GAAP) General Agreement on Tariffs and Trade (GATT) extraordinary general meeting General ledger annual general meeting General cash offer General Agreement on Tariffs and Trade General Order general personal equity plan General revenue Computable general equilibrium General Agreement on Trade in Services Generalized System of Preferences General Average Contribution General Agreement on Tariffs and Trade General partnership General Average |
|
|
|