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Q.

What is negative lien?

Asked by jameel ahmed, 01 Aug '07 11:59 am
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Answers (3)

 
1.

When the borrower submits a declaration to the banker that his assets mentioned are free from any charge or encumbrance it is termed as a negative lien
Answered by Saj Sierra, 01 Aug '07 01:26 pm

 
  
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2.

Sometimes Program codes are used on some transactions and the offsetting entry may have a blank Program code. This may zero out but it does not remove the lien at the FAU. This is what causes a negative lien balance to be generated.
Clear all negative liens-focus on State/General Funds, Sponsored Project Funds and all Other Current Funds this is ongoing
Answered by L KINI, 02 Aug '07 04:40 am

 
  
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3.

Designating a proposition that denies agreement between a subject and its predicate .Generally this term is used by banks while financing .the assets
where they call for an agreement which contains negettive lien clause
Answered by ANURADHA PATHAKJ, 01 Aug '07 03:10 pm

 
  
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