General Lien Law and Legal Definition

A general lien is a possessory lien used by the lien-holder to retain any of the debtor’s goods in the possession of the lien-holder until any debt due from the debtor has been paid. Insurance brokers, packers, stockbrokers and bankers have a general lien over the property of their clients or customers. A general lien can be created by express agreement when one or more persons give notice that they shall not receive any property for their trade or business, but on a condition that they shall have a lien upon it. The lien shall be on the charges on the particular goods as well as the general balance of account also.