General lien

 

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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 lien

The legal right for a creditor to seize the assets of a debtor to satisfy an outstanding debt.

General lien

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.



General lien

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Computable general equilibrium

Computable general equilibrium

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Annual general meeting

Annual general meeting

An annual meeting, called by the directors of a company, which shareholders are invited to attend. Subjects normally discussed include audited accounts, election or re-election of directors and dividend payments to shareholders.The AGM is the main opportunity for shareholders to put questions direct to the directors of the company. They can also put forward their own motions, though some companies have criteria for motions which may restrict this - e.g. they may require that only shareholders with a certain number of shares can put forward motions.The equivalent US term is 'Annual Meeting'.


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