1.

Negative lien means -

A. a declaration by a company not to encumber assets of the company without previous consent of banker
B. deposit of title deeds with the bank with an oral declaration to mark bank's lien
C. a lien letter execut
D. by the company authorising the bank to mark lien on its fixed deposit receipt
Answer» B. deposit of title deeds with the bank with an oral declaration to mark bank's lien


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