Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,899,430,294 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

general lien

   Also found in: Dictionary/thesaurus 0.01 sec.
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.

General Lien
In a loan or liability, a lien against all personal property, and not simply on the property that the loan was used to buy. A general lien applies only to personal property; that is, real estate cannot be seized. Tax liens imposed by the IRS are general liens.

general lien
A lien that attaches to all property of a debtor located within the area where the lien was recorded.Judgments and IRS liens are general liens,which may be satisfied from the sale of any property found.Contrast with specific lien,which is upon specifically described property only.


Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link
Feedback
Add definition
Mentioned in?  References in periodicals archive?   Financial browser?   Full browser?
 
Although this 10-year lien runs from the date of death, the installment payment period generally runs from the normal payment due date, nine months after the date of death, thus reducing the time the general lien protects the government to nine years and three months.
A random sampling of those terms: credit card, dun, general lien, land banking, multiple regression, reassessment, and warehouse.
Luiz argued Green Valley's creditors could have filed a general lien on his personal property while the guarantees were in effect.
 
 
 
Financial Dictionary
?

Terms of Use | Privacy policy | Feedback | Advertise with Us | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.