📊 Banking Services Management (BSM)
Q. 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
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✅ Correct Answer: (A) a declaration by a company not to encumber assets of the company without previous consent of banker

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