Legal Question in Banking Law in

what id negative lien ? kindly provide the defination of negative lien


Asked on 8/12/10, 5:25 am

1 Answer from Attorneys
J. Radhakrishnan independent Practice

There is no legal definition of 'negative lien'. Lien is the right to retain goods of a borrower or pledgor for the debt. Negative Lien is used in Banking parlance for a borrower to undertake not to create any charge on his property without the consent of the lender. That is all

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Answered on 8/12/10, 11:13 am


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