special lien
Definition
General lien that includes a right to sell the secured (mortgaged) asset or property in case of a default, after giving a reasonable notice to the lienee but without obtaining the foreclosure order required in other types of liens. A banker's lien, for example, is a special lien.
special lien is in the Agreements & Contracts, Banking, Commerce & Finance and Corporate, Commercial, & General Law subjects.
special lien appears in the definitions of the following terms: banker's lien and possessory lien
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