banker's lien

A lien which a banker has by virtue of which he can appropriate any money or property in his possession belonging to a customer to the extinguishment of any matured debt of such customer to the bank, provided such property or money has not been charged, with the knowledge of the bank, with the subservience of a special burden or purpose, or does not constitute a trust fund of which the banker has notice

Black's law dictionary. . 1990.

Look at other dictionaries:

  • banker's lien — ➔ lien …   Financial and business terms

  • banker's lien — An enforceable right of a bank to hold in its possession any money or property belonging to a customer and to apply it to the repayment of any outstanding debt owed to the bank, provided that, to the bank s knowledge, such property is not part of …   Law dictionary

  • banker's lien — The lien that a banker has on all moneys and funds of his depositor or customer in his possession for the balance of the general account; and upon all securities of the customer in his hands unless such securities have been delivered to him under …   Ballentine's law dictionary

  • banker's lien — noun The right of a bank to satisfy a customers matured debt by seizing the customers money or property within the banks possession …   Wiktionary

  • banker’s lien — /ˌbæŋkəz li:ən/ noun the right of a bank to hold some property of a customer as security against payment of a debt …   Dictionary of banking and finance

  • implied banker's lien — A lien of a bank for the balance owing upon a general account upon the securities of the customer or depositor in the possession of the bank, implied from the usages of the banking business or the law merchant. 10 Am J2d Banks § 660 …   Ballentine's law dictionary

  • Lien — For other uses, see Lien (disambiguation). Property law …   Wikipedia

  • lien — /liy(a)n/ A claim, encumbrance, or charge on property for payment of some debt, obligation or duty. Sullins v. Sullins, 65 Wash.2d 283, 396 P.2d 886, 888. Qualified right of property which a creditor has in or over specific property of his debtor …   Black's law dictionary

  • lien — A charge upon property for the payment or discharge of a debt or duty. The right which the law gives to have a debt satisfied out of a particular thing; a proprietary interest which, in a given case, may be exercised over the property of another …   Ballentine's law dictionary

  • lien — An interest or encumbrance held by a creditor in a debtor s real or personal property for the satisfaction of a debt. The lien may arise as a result of a consensual contract between the debtor and the creditor such as a security agreement or a… …   Financial and business terms

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