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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]
hotelkeeper's lien—a possessory or statutory lien allowing an innkeeper to hold, as security for payment, personal property that a guest has brought into the hotel (also referred to as an innkeeper's lien). inchoate lien—a lien that may be defeated if the relevant judgment is vacated or a motion for a new trial is granted.
If the junior lien holder fails to object within the judicially established time frame, his lien is canceled and the purchaser's title is cleared. This effect is the same as the strict foreclosure that occurred in English common law of equity as a response to the development of the equity of redemption .
Generally, a creditor who has obtained a monetary judgment (a ruling from a court under which another party is required to pay money to the creditor) may enforce this judgment through the seizure and forced sale of the debtor's property, through the seizure of money held in the debtor's bank accounts, and through garnishment of the debtor's wages.
(Repeated Overdraft hold) Account has been overdrawn for two or more business days in excess of $5,525 in the previous six months. (Repeated Overdraft hold) The depository bank has reason to doubt the check is good. (The paying bank indicates the check will not clear, is suspected to be fraudulent, or is either postdated or staledated.)
By using those accounts to send money, Frilich amassed a tax burden of around $30,000, which will end in the IRS putting a lien on his home if he can’t pay the bill or work out an arrangement ...
A bank account is a financial account maintained by ... accounts that hold credit balances are referred to as deposit accounts, and accounts opened to hold debit ...