Definitions
There is 1 meaning of the phrase
General Lien.
General Lien - as a noun
A lien on all the property owned by a debtor and not just a specific property
Example Sentences
"A general lien gives the lender the right to seize and sell all of the borrower's assets."
"In case of default, the bank can exercise its general lien over the customer's accounts."
"The bankruptcy trustee claimed a general lien over all of the debtor's property."
"The general lien allowed the landlord to hold onto the tenant's belongings until the outstanding rent was paid."
"The company granted a general lien to its creditors as collateral for the loan."
