Investopedia explains 'Blanket Lien'
A lien usually only gives the creditor the right to a single asset. For example, if you borrowed money to purchase a car and stopped making the car payments, the lender could only put a lien on the car. If you didn't catch up on your payments within a certain time period, the lender could take the car. Taxing authorities can also place liens on assets when individuals or companies don't pay their taxes. If you became delinquent on your federal income tax liability, the Internal Revenue Service would effectively have a blanket lien on all of your assets. The IRS has the power to seize almost anything to satisfy unpaid taxes, though this tactic should only be used as a last resort.
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