Home > Term: multiple lien (on property)
multiple lien (on property)
The pledging of several pieces of land as security for the repayment of the same claim, each property being encumbered with the full amount of the pledge. A multiple lien may be established only if the pieces of land belong to the same owner or are owned by debtors granting joint and several guarantee.
- Part of Speech: noun
- Industry/Domain: Banking
- Category: Investment banking
- Company: UBS
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Creator
- Stefan K
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