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general lien |
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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 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.How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| Luiz argued Green Valley's creditors could have filed a general lien on his personal property while the guarantees were in effect. |
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