Blanket Lien

What Does Blanket Lien Mean?
A lien covering nearly all types of assets and collateral owned by a debtor.

Investopedia explains Blanket Lien
A lien usually only gives the creditor the right to a specific asset. A blanket lien gives the creditor a legal interest in all the debtor's assets and other collateral. Defaulting on a debt in this situation can result in "losing your shirt".

Related Terms

Blanket Mortgage
Collateral
Creditor
Encumbrance
Judgment Lien
Lien
Liquidation
Senior Bank Loan
More Related Terms

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