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Home > Legal Research > Glossary
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Factor's lien |
Definition
: a lien against property held on consignment by a factor conferring the right to retain possession of the property until payment of the amount due
Under Article 9 of the Uniform Commercial Code, a factor's lien is simply a security interest and, unlike a common-law lien, is enforceable even after the factor is no longer in possession of the property.
Based on Merriam-Webster's Dictionary of Law ©2001.
Merriam-Webster, Incorporated
Published under license with Merriam-Webster, Incorporated.
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