agricultural lien

English

Noun

agricultural lien (plural agricultural liens)

  1. (US, law) A statutory lien that protects the seller of farming equipment by giving the seller a lien on crops grown with the equipment.
    • 2007, Milton C. Toby, chapter 6, in The Complete Equine Legal & Business Handbook: Legal Insights and Practical Tips for a Successful Horse Business, →ISBN, page 112:
      Filing with the state generally is required to perfect an agricultural lien unless the collateral is in the possession of the lienholder.
This article is issued from Wiktionary. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.