What type of lien gives creditors the right to satisfy a debt with all of a debtor's property?

Study for the 75 Hour Broker Pre Licensing Test. Study with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

A general lien allows creditors to secure a debt using all of a debtor's property, rather than being limited to a specific asset. This type of lien is not restricted to any particular item and can cover everything the debtor owns, enabling the creditor to claim assets from multiple sources if the debt is not repaid.

For instance, if a debtor has outstanding tax obligations, the government can place a general lien on all of the debtor's real and personal property. This is significant because it emphasizes the comprehensive nature of a general lien—it encompasses all properties and not just a specific property or asset related to the debt. This all-encompassing right ensures creditors have a broader safety net when it comes to recovering owed funds, reflecting the interconnected nature of debt and assets.

Other terms like a general warranty deed, a general agent, and a general partnership relate to different legal concepts—specifics about property transfer, representations in business relationships, and types of business organization, respectively. These do not pertain to the rights of creditors regarding a debtor's property, hence they do not answer the question about which lien encompasses all of a debtor's assets.

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