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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 MatchesGeneral personal equity planGeneral personal equity planSee 'personal equity plan'. General Average ContributionGeneral Average ContributionThe amount of money paid by each shipper involved in a General Average. Generally Accepted Accounting Principles (GAAP)Generally Accepted Accounting Principles (GAAP)The overall conventions, rules, and procedures that define accepted accounting practice at a particular time in the U.S. General Agreement on Tariffs and TradeGeneral Agreement on Tariffs and TradeA multilateral treaty entered into in 1948 by the intended members of the International Trade Organization, the purpose of which was to implement many of the rules and negotiated tariff reductions that would be overseen by the ITO. With the failure of the ITO to be approved, the GATT became the principal institution regulating trade policy until it was subsumed within the WTO in 1995. Computable general equilibriumComputable general equilibriumRefers to economic models of microeconomic behavior in multiple markets of one or more economies, solved computationally for equilibrium values or changes due to specified policies. The equations are anchored with data from the countries being modeled, while behavioral parameters are either assumed or adapted from estimates elsewhere. Further SuggestionsGeneral OrderGeneral revenue Director General general obligation bond annual general meeting General equilibrium General Agreement on Tariffs and Trade (GATT) extraordinary general meeting General ledger General cash offer General partnership General partner General Agreement on Tariffs and Trade General Mortgage Bond General Membership Generalized System of Preferences General Average General Agreement on Trade in Services |
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