general lien

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Definitions from WordNet

Noun general lien has 1 sense

general lien - a lien on all the property owned by a debtor and not just a specific property
--₁ is a kind of lien

Definitions from the Web

General Lien

A general lien refers to a legal claim on all the property of a debtor, regardless of the specific debt. It allows the creditor to retain possession of the debtor's assets until the debt is paid in full. This broad form of lien provides a higher level of security for the creditor.

Sense/Usage:

Noun: In legal terms, a general lien is a type of lien that grants a creditor the right to seize and sell all of a debtor's property in order to settle any outstanding debts.
Verb: To general lien, or place a general lien, means to exercise the right to claim a debtor's property as collateral for any debts owed.

Sample Sentences:

The bank invoked a general lien on the borrower's assets after he defaulted on his loans.
With a general lien in place, the creditor has the authority to seize the debtor's property to satisfy any outstanding obligations.
If the company fails to repay the loan, the lender can general lien their inventory, equipment, and other assets.