Factor's lien

Term · Law · MLC-T-LAW-002029

A statutory or common law right of a factor, who is an agent selling goods on commission, to retain possession of goods or proceeds from their sale until the factor's advances and commissions are paid. This lien provides security for the factor's services and expenses. It typically attaches to goods consigned to the factor for sale.

Table 1. Record
Identifier	MLC-T-LAW-002029
Field	Law

Record as JSON

{
  "id": "MLC-T-LAW-002029",
  "term": "Factor's lien",
  "field": "Law",
  "definition": "A statutory or common law right of a factor, who is an agent selling goods on commission, to retain possession of goods or proceeds from their sale until the factor's advances and commissions are paid. This lien provides security for the factor's services and expenses. It typically attaches to goods consigned to the factor for sale.",
  "url": "https://mlchart.com/terminology/law/factor-s-lien/"
}

Record 1,927 of 5,441 in Law terminology (MLC-0107). Request the full dataset.