general lien
Definition
Tax lien or judgment lien that attaches to all personal and real property of a person or firm (the lienee). It covers not only the goods or property that gives rise to the debt, but all the goods or property of the lienee. In the US, a general lien applies only to personal property.
Mentioned in these definitions
Popular 'Corporate, Commercial, & General Law' Terms
general lien in the news
Loading...
This content can be found on the following page:
http://www.businessdictionary.com/definition/general-lien.html
