Banking Glossary

Negative Lien


It is an undertaking by the owner of assets for not selling c
ertain assets and not creating any charge on these assets without permission from the creditor. It has no legal force has a moral value only.The company undertakes not to create any charge on its unencumbered assets without prior permission from bank.
Browse by Letter: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

About us Advertising Contact us Tips Licensing Privacy Policy, Disclaimer and Copyright Work at

Copyright©2009 All Rights Reserved. Unauthorized duplication, in whole or in part, is strictly prohibited.