springing lien

springing lien
USA
A lien on assets of a company that will arise on the occurrence of a specific event. For example, a loan agreement may include a springing lien that requires the borrower to pledge its assets to secure the loan if the borrower's credit rating falls below a specified level.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Игры ⚽ Нужен реферат?

Look at other dictionaries:

  • List of KOF: Maximum Impact characters — Main article: List of characters in The King of Fighters series This is a list of characters from KOF: Maximum Impact series that play their own roles in the overall King of Fighters story. Because these games occur in an alternate universe… …   Wikipedia

  • List of snowboard tricks — Snowboard tricks are aerials or maneuvers performed on snowboards for fun, or in competitions. Most often, these maneuvers are performed on obstacles such as jumps, halfpipes, quarterpipes, hips, handrails, funboxes, or ledges, or on the surface… …   Wikipedia

  • Chan Kowk Wai — Chan Kwok Wai (Chinese: 陳國偉; Pinyin: Chén Guó Wěi) was born on April 3, 1936, at Taishan in the province of Canton, China. He is well regarded as the major introductor of traditional Shaolin Kung Fu in Brazil, through the China Brazil Kung Fu… …   Wikipedia

  • Les Associées —  Ne doit pas être confondu avec Les Associés. Les Associées Titre original The Huntress Genre Série dramatique, série d aventures Créateur(s) Pamela Norris Production Alex Gibney …   Wikipédia en Français

  • List of law topics (S-Z) — NOTOC Law [From Old English lagu something laid down or fixed ; legal comes from Latin legalis , from lex law , statute ( [http://www.etymonline.com/index.php?search=law searchmode=none Law] , Online Etymology Dictionary; [http://www.m… …   Wikipedia

  • literature — /lit euhr euh cheuhr, choor , li treuh /, n. 1. writings in which expression and form, in connection with ideas of permanent and universal interest, are characteristic or essential features, as poetry, novels, history, biography, and essays. 2.… …   Universalium

  • Genesis 26 — 1 And there was a famine in the land, beside the first famine that was in the days of Abraham. And Isaac went unto Abimelech king of the Philistines unto Gerar. 2 And the LORD appeared unto him, and said, Go not down into Egypt; dwell in the land …   The King James version of the Bible

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”