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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 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 MatchesExtraordinary general meetingExtraordinary general meetingAn EGM is a special meeting of a company and its shareholders which can be called by company directors or anyone with at least 10% of the voting rights on the company's shares.EGMs have to be called in order for certain special resolutions to be passed (e.g. to approve a takeover or merger or break-up of the company) and for the resolution to be passed, 75% of more of the shareholders have to vote for it. General Agreement on Trade in ServicesGeneral Agreement on Trade in ServicesThe agreement, negotiated in the Uruguay Round that brings international trade in services into the WTO. It provides for countries to provide national treatment to foreign service providers and for them to select and negotiate the service sectors to be covered under GATS. Annual general meetingAnnual general meetingAn 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'. General Agreement on Tariffs and Trade (GATT)General Agreement on Tariffs and Trade (GATT)A treaty adopted by the United Nations aimed at elimination of international trade barriers between member countries. General Agreement on Tariffs and TradeGeneral Agreement on Tariffs and TradeA trade agreement between a large number of countries, dating back to 1948, which was set up to improve trading world wide and to work towards the reduction of tariff barriers. Further SuggestionsGeneral Agreement on Tariffs and TradeGeneral revenue general obligation bond General Order General partnership General Average General cash offer General ledger Director General Generalized System of Preferences general personal equity plan Computable general equilibrium General Membership General Average Contribution Generally Accepted Accounting Principles (GAAP) General partner General Mortgage Bond General equilibrium |
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