banker's lien
An enforceable right of a bank to hold in its possession any money or property belonging to a customer and to apply it to the repayment of any outstanding debt owed to the bank, provided that, to the bank's knowledge, such property is not part of a trust fund or is not already burdened with other debts.

Dictionary from West's Encyclopedia of American Law. 2005.


banker's lien
An enforceable right of a bank to hold in its possession any money or property belonging to a customer and to apply it to the repayment of any outstanding debt owed to the bank, provided that, to the bank's knowledge, such property is not part of a trust fund or is not already burdened with other debts.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

Look at other dictionaries:

  • banker's lien — ➔ lien …   Financial and business terms

  • banker's lien — A lien which a banker has by virtue of which he can appropriate any money or property in his possession belonging to a customer to the extinguishment of any matured debt of such customer to the bank, provided such property or money has not been… …   Black's law dictionary

  • banker's lien — A lien which a banker has by virtue of which he can appropriate any money or property in his possession belonging to a customer to the extinguishment of any matured debt of such customer to the bank, provided such property or money has not been… …   Black's law dictionary

  • banker's lien — The lien that a banker has on all moneys and funds of his depositor or customer in his possession for the balance of the general account; and upon all securities of the customer in his hands unless such securities have been delivered to him under …   Ballentine's law dictionary

  • banker's lien — noun The right of a bank to satisfy a customers matured debt by seizing the customers money or property within the banks possession …   Wiktionary

  • banker’s lien — /ˌbæŋkəz li:ən/ noun the right of a bank to hold some property of a customer as security against payment of a debt …   Dictionary of banking and finance

  • implied banker's lien — A lien of a bank for the balance owing upon a general account upon the securities of the customer or depositor in the possession of the bank, implied from the usages of the banking business or the law merchant. 10 Am J2d Banks § 660 …   Ballentine's law dictionary

  • materialman's lien — A lien against real property created under state laws that give a person who supplies materials used to repair or improve real estate the right to place a lien against the property if that person is not paid. American Banker Glossary …   Financial and business terms

  • mechanic's lien — A lien against real property created under state laws that give a person who makes repairs or improvements to real estate the right to place a lien against the property if that person is not paid. American Banker Glossary …   Financial and business terms

  • Lien — For other uses, see Lien (disambiguation). Property law …   Wikipedia

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