BANKER'S LIEN
\bˈaŋkəz lˈiːən], \bˈaŋkəz lˈiːən], \b_ˈa_ŋ_k_ə_z l_ˈiː__ə_n]\
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A charge that lets a bank have claim on assets in the banks possession. It can take and sell this property if default should occur. They give notice of this but do not need to foreclose. The way it is enforced depends on the type of property.
By Henry Campbell Black
Word of the day
hydromorphic
- [Greek] Structurally adapted to an aquatic environment, as organs of water plants.