Q.

Negative lien means -

A. a declaration by a company not to encumber assets of the company without previous consent of banker
B. deposit of title deeds with the bank with an oral declaration to mark bank's lien
C. a lien letter execut
D. by the company authorising the bank to mark lien on its fixed deposit receipt
Answer» A. a declaration by a company not to encumber assets of the company without previous consent of banker
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