general lien


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Related to general lien: Particular lien
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.general lien - a lien on all the property owned by a debtor and not just a specific property
lien - the right to take another's property if an obligation is not discharged
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From 2009 to 2015, Merrill Lynch held up to $58 billion per day of customer securities in a clearing account that was subject to a general lien by its clearing bank and held additional customer securities in accounts worldwide that similarly were subject to liens.
Next, the lien affidavit must be filed by the 15th day of the third calendar month after the day on which the indebtedness accrues, which is one month earlier that the general lien filing deadline for non-residential projects.
The bulk of Federal Home Loan Bank assets consist of advances, which are secured by the collateral pledged against them and by a general lien, known as super lien authority, on all of the assets of the borrower.

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