What is GENERAL LIEN?

A general lien applies only to personal property in the US. Covers the goods or property that gives rise to the debt as well as all the goods or property of the lienee. All personal and real property of a person or firm, the lienee, is attached as a tax lien or judgment lien.

More On This Topic



Link to This Definition
Did you find this definition of GENERAL LIEN helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary