A Floating Charge: A Secured Interest with a Twist!
A court ruling that grants a creditor the right to pursue a debtor's assets to settle a debt.
A lien is a claim against assets used as collateral to satisfy a debt, securing the creditor's rights.
A claim over property as security for debt, emphasizing voluntary and involuntary distinctions.
A lien sale is the sale of the claim placed on an asset to satisfy an unpaid debt, typically conducted through public auctions.
A lien waiver is a critical agreement in the construction industry that prevents the right to place a lien on a property.
A tax lien is a legal claim against a taxpayer's assets when taxes remain unpaid, proving that the government is serious about collecting what it's owed!
A humorous yet insightful exploration of tax lien certificates and their implications.
