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What is the difference between general lien and particular lien?
particular lien gives right to retain only such goods in respect of which charges due remain unpaid......whereas, general lien gives right to retain any goods belonging to another person for any amount due from him......
What is a general lien?
A general lien is available as a security for all debts arising out of similar transactions between the parties.
What is the difference between vacate and satisfaction of a lien?
The difference between vacate and satisfaction of a lien is the way in which it was surrendered. During a vacate of a lien, the creditor is releasing the lien on a loan, usually because of a full repayment. The satisfaction of a lien would be like a repossession for non payment to a creditor.
What is the Difference between a mechanic's lien and an artisan's lien?
Artisans lien is against personal property and is possessory. Mechanic's lien relates to real property.
What is the difference between a transfer of lien and release of lien?
A transfer of lien assigns the lien claimant's position in the lien to another party. A release of lien discharges the lien and makes it not appear on a title policy issued for the property.
What is difference between attachment and lien?
There are many types of liens. An attachment is a type of lien generated by a court during the course of a lawsuit.
What is No Lien Account?
No Lien accounts are account on which the concerned bank could not exercise its right of general lien (general terms and conditions).
Can a judgment lien be constructive or voluntary or general or specified. What?
A judgment lien is an involuntary lien.
What is the difference between transfer of lien and release of lien?
Release is just that -- No other party has interest or claim to property vs. Transfer which just changes the name of the lien holder and does not Release. hope this helps
What is the difference between a lien and a loan?
A lien is a legal claim on an asset as security for a debt, while a loan is money borrowed from a lender that must be repaid with interest.
What the difference between lieu and lien?
lieu means "place" as in "in lieu of" means "in place of" where lien means "hold". A person or company may put a lien on your property for monies owed them. They now have a stake on your assets.
What is the difference between lean vs lien in terms of property ownership and financial obligations?
The difference between lean and lien in terms of property ownership and financial obligations is that a lean refers to a claim against a property for unpaid debts or services, while a lien is a legal right to keep possession of property until a debt is paid off. Essentially, a lean is a type of lien that specifically relates to property ownership and financial obligations.
