Blockage

Definition - Noun
: the condition of a large block of items of property (as shares of stock) that requires special valuation for purposes of estate and gift tax because the value of the items sold as a block differs from their value if sold individually



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Based on Merriam-Webster's Dictionary of Law ©2001.
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common-law lien

a lien under common law giving a creditor (as a bailee) in possession of property the right to retain possession until payment of the amount due


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