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InterviewSolution
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What Is Lien? |
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Answer» Lien is a mode of security in which the BANK retains the goods belonging to the company until the debt due to the bank is paid. Lien is of TWO types: PARTICULAR Lien and GENERAL Lien. NORMALLY, Bank enjoys general Lien. Lien is a mode of security in which the bank retains the goods belonging to the company until the debt due to the bank is paid. Lien is of two types: Particular Lien and General Lien. Normally, Bank enjoys general Lien. |
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