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.