Business Studies, asked by vishnugoyal1290, 9 months ago

What Is Lien????????​

Answers

Answered by Anonymous
7

Answer:

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Explanation:

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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Answered by Aliya418
1

A right to keep possession of property belonging to another person until a debt owed by that person is discharged.

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