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Skanskas Byggordlista Skanska's Construction Dictionary
What does general-lien mean? A lien against an individual that includes all personal property but excludes real property. Liens are authorized by a c A specific lien is a lien against a certain parcel of real estate or other property, while a general lien covers all of a debtor’s property. (pg 223) Your grade on this paper will be based on the level of your self-reflection and thoroughness in covering the weak areas of your knowledge. For additional details, refer to the Short Paper/Case A lien waiver is a document signed by the party receiving payment on a construction project. In effect, it waives the party’s right to file a lien. A lien waiver is commonly confused with a lien release.
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A general lien is a possessory lien used by the lien-holder to retain any of the debtor’s goods in the possession of the lien-holder until any debt due from the debtor has been paid. Insurance brokers, packers, stockbrokers and bankers have a general lien over the property of their clients or customers. Definition från Wiktionary, den fria ordlistan. Hoppa till navigering Hoppa till sök.
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What does general-lien mean?
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Definitions for general lien gen·er·al lien Here are all the possible meanings and translations of the word general lien. General Lien A general lien is a right of one person to retain any property or goods which are in his possession belonging to another person until the promise or liability is discharged. It is a right to retain the property belonging to another for a general balance of the account. General Lien Law and Legal Definition. A general lien is a possessory lien used by the lien-holder to retain any of the debtor’s goods in the possession of the lien-holder until any debt due from the debtor has been paid.
A special lien can be extended to a general lien by contract, and this is commonly done in the case of carriers. A general lien is a right of one person to retain any property or goods which are in his possession belonging to another person until the promise or liability is discharged. It is a right to retain the property belonging to another for a general balance of the account.
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Edward L. Heydecker · Commentary on Mechanic's Lien Law for the
In effect, it waives the party’s right to file a lien. A lien waiver is commonly confused with a lien release. While both relate to mechanics liens, they are used a bit differently. In general, a waiver is preventive, used before a lien … Related: General Lien and Particular Lien (Definition, Types, Example) Such right of lien thus resembles a pledge and is usually called an implied pledge. The banker thus enjoys the privileges of the pledge and can dispose of the securities after giving proper notice to the customer. Definition of "General lien".