|
WordNet-Online
Definitions from WordNet
Noun warehouseman's lien has 1 sense | ||||
Definitions from the WebWarehouseman's LienDefinition: A legal claim that gives a warehouseman the right to retain possession of goods until the owner settles outstanding debts or fees for storage, handling, or other services related to the stored goods. Part of Speech: Noun Sense 1: A legal right granted to a warehouseman to hold onto goods as collateral until the owner fulfills their financial obligations. Example Sentence 1: The warehouseman exercised his right to impose a warehouseman's lien on the goods until the outstanding storage fees were paid. Example Sentence 2: According to the warehouseman's lien, the owner had to settle the dues before retrieving their stored merchandise. Sense 2: The monetary claim that allows a warehouseman to sell the goods held under a warehouseman's lien to recover unpaid debts. Example Sentence 1: If the owner fails to pay the outstanding fees within a certain timeframe, the warehouseman can proceed with selling the goods under the warehouseman's lien. Example Sentence 2: The warehouseman invoked the warehouseman's lien and initiated the process of auctioning the goods to settle the unpaid bills. Sense 3: The legal document that is filed to establish and assert the warehouseman's lien on the goods. Example Sentence 1: The warehouseman promptly filed a warehouseman's lien with the court to claim his lawful entitlement to the revenues from the sale of the stored goods. Example Sentence 2: After the owner's nonpayment, the warehouseman prepared a warehouseman's lien document as proof of their right to retain the goods. Related Products: | ||||
wardrobist wardroom ware ware and tare ware house warehouse warehoused warehouseman warehouseman s lien warehouser warehouses warehousing wareing waren wares wares warewolf
|