A bankers lien is an example fora.specific lienb.mortgagec.general liend.hypothecation
Question
A bankers lien is an example fora.specific lienb.mortgagec.general liend.hypothecation
Solution
A banker's lien is an example of a specific lien.
Here's why:
A lien is a legal claim or a "right" given to the creditor over the debtor's property, which enables the creditor to take possession and sell the property if the debtor fails to fulfill the repayment obligations.
There are two types of liens: specific lien and general lien.
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