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When the client defaulted, the bank invoked its banker's lien to apply the customer's deposited bonds toward the outstanding loan.
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When the client defaulted, the bank invoked its banker's lien to apply the customer's deposited bonds toward the outstanding loan.
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Related words
banker's lien
Noun
Japanese Meaning
銀行が、顧客の支払い期日に満了した債務を履行するため、銀行が保有する顧客の資産(預金やその他の財産)を差し押さえる権利。
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