general lien

Definition

A lien applied to all goods, not just the goods giving rise to the debt, owned by the lienee, but excluding land, or real property.

Use general lien in a sentence

You should always do your best to avoid anything that will put a general lien on anything that you may own.

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Although a general lien was put on her income, due to a failure to properly report all income for the fiscal year, she was grateful that her property was excluded.

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After the apparel chain defaulted on its payments, the bank was forced to put a general lien on all its movable assets before it could initiate any recovery of the original debt.

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floating lien special lien