seller's lien


seller's lien
See vendor's lien.

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

  • seller's lien — ➔ lien * * * seller s lien UK US noun [C] LAW ► an official rule that allows a seller to take property back from a customer who has not paid for it: »The printer claimed an unpaid seller s lien …   Financial and business terms

  • Lien — For other uses, see Lien (disambiguation). Property law …   Wikipedia

  • lien — An interest or encumbrance held by a creditor in a debtor s real or personal property for the satisfaction of a debt. The lien may arise as a result of a consensual contract between the debtor and the creditor such as a security agreement or a… …   Financial and business terms

  • Lien — A security interest in one or more assets that is granted to lenders in connection with secured debt financing. The New York Times Financial Glossary * * * lien li‧en [ˈliːən, liːn] noun [countable] LAW 1. a person s or organization s right to… …   Financial and business terms

  • lien — / lēn/ n [Anglo French, bond, obligation, literally, tie, band, from Old French, from Latin ligamen, from ligare to bind]: a charge or encumbrance upon property for the satisfaction of a debt or other duty that is created by agreement of the… …   Law dictionary

  • LIEN — (Heb. שִׁעְבּוּד נְכָסִים, Shibud Nekhasim). The Concept Jewish law enables the creditor to exercise a lien over all the debtor s property, in addition to his remedies against the debtor personally. This lien automatically comes into existence on …   Encyclopedia of Judaism

  • lien — The right of one person to retain possession of goods owned by another until the possessor s claims against the owner have been satisfied. In a general lien, the goods are held as security for all the outstanding debts of the owner, whereas in a… …   Big dictionary of business and management

  • agricultural lien — noun A statutory lien that protects the seller of farming equipment by giving the seller a lien on crops grown with the equipment …   Wiktionary

  • unpaid seller — a seller of goods is an unpaid seller within the meaning of the Sale of Goods Act 1979 when the whole price has not been paid or tendered or when a bill of exchange or other negotiable instrument has been received as conditional payment and the… …   Law dictionary

  • vendor's lien — A creature of equity, being a lien impliedly belonging to a vendor for the unpaid purchase price of land, where he has not taken any other lien or security beyond the personal obligation of the purchaser. An equitable security which arises from… …   Black's law dictionary