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General lien

The financial definition for General lien:

An attachment that gives the lender the right to seize the personal property of a borrower who has not fulfilled the obligations of the loan, but prevents the lender from seizing real property.




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General Agreement on Tariffs and Trade (GATT)

General Agreement on Tariffs and Trade (GATT)
A treaty adopted by the United Nations aimed at elimination of international trade barriers between member countries.


General Average

General Average
Provision in maritime law where all shippers on a given voyage would reimburse the ship line in the event of vessel sinking or catastrophic damage. It also provides for the reimbursement to those shippers whose cargo was thrown overboard in order to save the vessel.


General Average Contribution

General Average Contribution
The amount of money paid by each shipper involved in a General Average.


Further Suggestions

General cash offer
General ledger
General Order
General partner
General partnership
General revenue
Generally Accepted Accounting Principles (GAAP)


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General lien
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