general lien


general lien
A general lien is a right to detain a chattel, etc., until payment be made, not only of any debt due in respect of the particular chattel, but of any balance that may be due on general account in the same line of business.

Black's law dictionary. . 1990.

Look at other dictionaries:

  • General lien — General Gen er*al, a. [F. g[ e]n[ e]ral, fr. L. generalis. See {Genus}.] 1. Relating to a genus or kind; pertaining to a whole class or order; as, a general law of animal or vegetable economy. [1913 Webster] 2. Comprehending many species or… …   The Collaborative International Dictionary of English

  • general lien — see lien Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • 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. Bloomberg Financial Dictionary * * * general lien… …   Financial and business terms

  • general lien — The right to retain particular chattels as a security, not merely for the sum due in respect of those chattels, but for the entire amount owing on a general balance of account in respect of business done, but not in respect of loans or other… …   Ballentine's law dictionary

  • general lien — noun a lien on all the property owned by a debtor and not just a specific property • Hypernyms: ↑lien * * * noun : a lien for the satisfaction of a balance due from an owner of personal property not confined to the amount due in respect of the… …   Useful english dictionary

  • general lien — /ˌdʒen(ə)rəl li:ən/ noun 1. a right to hold goods or property until a debt has been paid 2. a lien against the personal possessions of a borrower (but not against his or her house or land). ⇒ banker’s lien …   Dictionary of banking and finance

  • attorney's general lien — See retaining lien …   Ballentine's law dictionary

  • LIEN — (Heb. שִׁעְבּוּד נְכָסִים, Shibud Nekhasim). The Concept Jewish law enables the creditor to exercise a lien over all the debtor s property, in addition to his remedies against the debtor personally. This lien automatically comes into existence on …   Encyclopedia of Judaism

  • lien — / lēn/ n [Anglo French, bond, obligation, literally, tie, band, from Old French, from Latin ligamen, from ligare to bind]: a charge or encumbrance upon property for the satisfaction of a debt or other duty that is created by agreement of the… …   Law dictionary


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