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LIEN

English translation: Lien

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:Lien
English translation:Lien
Entered by: Will Matter
Options:
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01:19 Jan 17, 2008
English to English translations [PRO]
Bus/Financial - Business/Commerce (general)
English term or phrase: LIEN
I can't not understand following sentence. Can anybody explain it for me?
"The director may sell the shares subject to any such lien at such time or times and in such manner as they think fit, but no sale shall be made until such time as the money in respect of which such lien exists or a part of the money is payable and until a demand and notice in writing stating the amount due or specifying the liability and demanding payment of the liability and giving notice of intention to sell in default shall have been served on such Member or the persons (if any) entitled by transmission to the shares, and default in payment shall have been made by him or them for seven(7) days after such notice"

The above sentence is come from some articles of association of some company.
KAREFUEL
lien
Explanation:
Here's the definition of "lien"

Main Entry:
lien Listen to the pronunciation of lien Listen to the pronunciation of lien
Pronunciation:
\ˈlēn, ˈlē-ən\
Function:
noun
Etymology:
Anglo-French lien, loyen bond, restraint, from Latin ligamen, from ligare to bind — more at ligature
Date:
1531

1 : a charge upon real or personal property for the satisfaction of some debt or duty ordinarily arising by operation of law 2 : the security interest created by a mortgage
Selected response from:

Will Matter
United States
Local time: 10:58
Grading comment
Selected automatically based on peer agreement.
4 KudoZ points were awarded for this answer

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Summary of answers provided
5 +6lienWill Matter


  

Answers


6 mins   confidence: Answerer confidence 5/5 peer agreement (net): +6
lien
lien


Explanation:
Here's the definition of "lien"

Main Entry:
lien Listen to the pronunciation of lien Listen to the pronunciation of lien
Pronunciation:
\ˈlēn, ˈlē-ən\
Function:
noun
Etymology:
Anglo-French lien, loyen bond, restraint, from Latin ligamen, from ligare to bind — more at ligature
Date:
1531

1 : a charge upon real or personal property for the satisfaction of some debt or duty ordinarily arising by operation of law 2 : the security interest created by a mortgage


Will Matter
United States
Local time: 10:58
Works in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 12
Grading comment
Selected automatically based on peer agreement.

Peer comments on this answer (and responses from the answerer)
agree  orientalhorizon: yes, a charge, encumbrance, or claim placed on the shares.
1 hr
  -> Thank you. Naturally, you'd do a better job of translating this than I would.

agree  kmtext
6 hrs

agree  Jack Doughty
6 hrs

agree  Irina Schwab
8 hrs

agree  Cristina Santos
11 hrs

agree  xxxAlfa Trans
19 hrs
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Changes made by editors
Jan 31, 2008 - Changes made by Will Matter:
Created KOG entryKudoZ term » KOG term


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