fixed lien
Noun
A lien on a specific fixed-asset (e.g., equipment or land) to secure the repayment of a loan, it attaching the asset until the loan is repaid.
Synonym(s):
- [BE]: fixed charge.
A lien on a specific fixed-asset (e.g., equipment or land) to secure the repayment of a loan, it attaching the asset until the loan is repaid.
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