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Definition of

general lien

  • 1.

    right to hold property until debt paid a right to hold the goods or property of a debtor until a debt has been paid

  • 2.

    right to hold debtor's personal property only a right to hold the personal possessions of a debtor until a debt is paid, but not his or her house or land.

    Related definitions of "general lien"

Definitions of ’general lien’ and meaning of ’general lien’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’general lien’ and other financial terms with our online QFINANCE Financial Dictionary.

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