general lien

Definition of "general lien"
  1. A claim against all properties belonging to a debtor, not limited to the value of a specific property, to fulfill an outstanding debt
How to use "general lien" in a sentence
  1. The bank imposed a general lien on the individual due to his significant unpaid debts.
  2. After accruing multiple business debts, a general lien was imposed on the company's assets.
  3. A general lien was placed on the properties due to failure of debt clearance.

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