lien, floating

lien, floating
n.
A lien that affects not only inventory and assets owned by the debtor at the time the agreement is made, but also property acquired afterward.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.

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  • floating lien — see lien Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. floating lien …   Law dictionary

  • lien — /liy(a)n/ A claim, encumbrance, or charge on property for payment of some debt, obligation or duty. Sullins v. Sullins, 65 Wash.2d 283, 396 P.2d 886, 888. Qualified right of property which a creditor has in or over specific property of his debtor …   Black's law dictionary

  • lien — /liy(a)n/ A claim, encumbrance, or charge on property for payment of some debt, obligation or duty. Sullins v. Sullins, 65 Wash.2d 283, 396 P.2d 886, 888. Qualified right of property which a creditor has in or over specific property of his debtor …   Black's 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

  • Floating charge — Floating charge, lien lien, etc. (Law) A charge, lien, etc., that successively attaches to such assets as a person may have from time to time, leaving him more or less free to dispose of or encumber them as if no such charge or lien existed …   The Collaborative International Dictionary of English

  • lien — Floating charge Floating charge, lien lien, etc. (Law) A charge, lien, etc., that successively attaches to such assets as a person may have from time to time, leaving him more or less free to dispose of or encumber them as if no such charge or… …   The Collaborative International Dictionary of English

  • Floating (Eloy album) — Floating Album par Eloy Sortie 1974 Enregistrement 1974 EMI Electrola studios, Cologne, Allemagne Durée 40 min 25 s Genre …   Wikipédia en Français

  • lien mobilis — floating spleen …   Medical dictionary

  • Floating Lien — A legal claim placed on a set of assets rather than on a single asset. A floating lien is used when the smaller components of the general asset can change over time, such as in the case of the outstanding balances in a company s accounts… …   Investment dictionary

  • Floating charge — A floating charge is a security interest over a fund of changing assets of a company or a limited liability partnership (LLP), which floats or hovers until conversion into a fixed charge, at which point the charge attaches to specific assets. The …   Wikipedia

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