For General Lien we have terms and definitions in 4 topics. The topics are Finance, Frauds and Scams, Investing and Real Estate.

General Lien (Finance)

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 (Frauds and Scams)

Lien against an individual that gives the right to seize personal property to pay off a debt. The property seized does not have to be the property that causes the debt. The lien does not give the right to seize real property such as land.

General Lien (Investing)

Lien against an individual that gives the right to seize personal property to pay off a debt. The property seized does not have to be the property that causes the debt. The lien does not give the right to seize real property such as land.

See Also: Discharge of Lien

General Lien (Real Estate)

1) A lien such as a tax lien or judgment which attaches to all property of the debtor. 2) The right of a creditor to hold personal property of a debtor for payment of a de3bt not associated with the property being held. Must be done under an agreement since since it is against the general precepts of law.

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