Banking knowledge
Showing posts with label
Definition of Banker’s Lien
.
Show all posts
Showing posts with label
Definition of Banker’s Lien
.
Show all posts
Tuesday, June 13, 2017
Question: What is Banker’s Lien?
Answer:
Banker’s Lien is more than a General Lien, it is an implied pledge . In the event of the default of the borrower, the banker has a power of sale to liquidate without intervention of the court.
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