The bank can consider ------------------ lien as their protection against loss on loan or overdraft which was given to its customers.

Related MCQs

• A cheque has been deposited by a customer with his bank for collection. The bank allows overdraft against the security thereof. The bank becomes
• Bank A grants an overdraft to ABC Ltd against book debts. This is secured by:
• The rate of interest charged for the loan by the banker compared to overdraft and cash credit is generally.
• As part of a mortgage agreement, a financial institution places a lien on the property until the loan is paid in full.
• The banker has a lien on........
• A banker's lien is...........
• Reserve Bank means the Reserve Bank of India constituted under section 3 of the Reserve Bank of India Act, _________.
• A bank finances an agriculturist to buy a tractor. The loan is secured by:
• The Reserve Bank of India is given the responsibility of regulating and supervising the _________ under Reserve Bank of India Act, 1934.
• The Short-Term Crop Loan given to Farmers are generally for a period of _____?