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A banker's lien is a legal right arise in many common law jurisdictions of a bank to exercise a lien over any property in the custody of the bank as security. Lien is of two types: Particular lien; General lien; Particular lien confers to retain the goods in connection with which a particular debt arose i.e.
In finance, a security interest is a legal right granted by a debtor to a creditor over the debtor's property (usually referred to as the collateral [1]) which enables the creditor to have recourse to the property if the debtor defaults in making payment or otherwise performing the secured obligations. [2]
Lord Hoffmann held that the charges were valid and not conceptually impossible. He referred to the general attributes of charges and went on. He said the right to claim payment of a deposit with a bank is a chose in action - a proprietary right. It can be granted to a third party. So a charge could be created over a deposit in favour of BCCI.
The rule is part of President Joe Biden administration's campaign to reduce junk fees that hit consumers on everyday purchases, including banking services. Under the finalized rule from the ...
environmental lien—a charge, security, or encumbrance on a property's title to secure payment of cost or debt arising from response actions, cleanup, or other remediation of hazardous substances or petroleum products. equitable lien—a lien that is enlarged to cover any additional credit extended to the debtor to the same creditor.
After the government -- and thus, the people -- bailed out big banks in 2008, you'd think those institutions might have returned the favor by treating their customers better. Instead, banks are ...
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The company's logo The former Union Bank logo used from 1996 prior to the 2008 rebranding Former Union Bank logo from December 2008 to November 2017 A branch in Los Angeles. Union Bank was an American national bank with 398 branches in California, Washington, and Oregon.