Meaning of banker's lien | Babel Free

Definitions

The right of a bank to satisfy a customer's matured debt by seizing the customer's money or property within the bank's possession.

Examples

“As a banker's lien may arise in consequence of the customer's instruction to a bank to open credits without the need to prove an unequivocal act of deposition or intent to deposit the documents, a banker's lien is likely to arise where the bank is financing the transaction under a documentary credit or for debt relating to costs of TPF services provided.”

CEFR level