lien

(redirected from Floating lien)
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Related to Floating lien: Floating charge, chattel mortgage, After-acquired property, Blanket Lien, Warehouse receipt
  • noun

Synonyms for lien

the right to take another's property if an obligation is not discharged

a large dark-red oval organ on the left side of the body between the stomach and the diaphragm

References in periodicals archive ?
We conclude that the English floating charge is sufficiently effective in those competitions that it is the functional equivalent of an American floating lien.
An American floating lien attaches to "any identifiable proceeds of [the] collateral.
Professor Armour has argued that the English Carve-out has not made floating lien collateral available to unsecured creditors, but merely caused debtors to avoid the Calve-out by selling their accounts receivable rather than by borrowing against them.
Both, as a practical matter, make it difficult or impossible for other buyers, competing secured creditors, or lienholders to gain priority over the floating charge or floating lien once they have been perfected through registration.
Part IV compares American floating liens with English floating charges in the same manner.