Blanket inventory lien
A secured loan that gives the lender a lien against all the borrower's inventories. |
Similar financial terms
Blanket fidelity bondSEC-required insurance coverage that brokerage firms are required to have in order to cover fraudulent trading by employees.
American Production and Inventory Control Society
American Production and Inventory Control Society (APICS) is a not-for-profit international educational organization respected throughout the world for its education and professional certification programs.
Perfected first lien
A first lien that is duly recorded with the cognizant governmental body so that the lender will be able to act on it should the borrower default.
Limitation on liens
A bond covenant that restricts in some way a firm's ability to grant liens on its assets.
Lien
A security interest in one or more assets that is granted to lenders in connection with secured debt financing. When an asset is pledged as security against a loan, the lender is said to take "lien", i.e. a legal security interest, in the asset. Liens are usually registered against assets and recorded in a public office (or on-line). It behooves a buyer of an asset to conduct a search to ensure that there are no liens against an asset. It is conceivable that an asset can be sold to an unsuspecti ...
Leverage clientele
A group of shareholders who, because of their personal leverage, seek to invest in corporations that maintain a compatible degree of corporate leverage.
Clientele effect
The grouping of investors who have a preference that the firm follow a particular financing policy, such as the amount of leverage it uses.
Nonresident of the US alien (NRA)
Not a U.S. person as defined under the Internal Revenue Code (IRC).
