banker's lien

plural banker's liens

1. lawThe right of a bank to satisfy a customer's matured debt by seizing the customer's money or property within the bank's possession.

   1 more example

   As a banker's lien may arise in consequence of the customer's instruction to a bank to open credits without the need to prove an unequivocal act of deposition or intent to deposit the documents, a banker's lien is likely to arise where the bank is financing the transaction under a documentary credit or for debt relating to costs of TPF services provided.

   2003, Emmanuel T. Laryea, chapter 3, in Paperless Trade: Opportunities, Challenges and Solutions, →ISBN, page 177