Equitable liens are used when the defendant has either wrongfully acquired someone else's property, or has made improvements to a piece of property using funds he obtained unfairly. When this happens, the defendant owes a debt to the plaintiff. The equitable lien uses the property to secure the debt.
The pound sterling (symbol: Â£; ISO code: GBP [Great Britain Pound]), commonly known as the pound, is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, South Georgia and the South Sandwich Islands, the British Antarctic Territory, and Tristan da Cunha. It is subdivided into 100 pence (singular: penny, abbreviated: p).
Money Quiz The British currency is the pound sterling. The sign for the pound is GBP = Great British Pound We do not use the Euro. Although a few of the big shops will accept Euro, it is rarely used across Britain.Since decimalisation in 1971, the pound has been divided into 100 pence.he singular of pence is  penny . The symbol for the penny is  p ; hence an amount such as 50p is often pronounced fifty pee rather than fifty pence. We have both coins and banknotes. Current coins are : 1 penny, 2 pence, 5 pence, 10 pence, 20 pence, 50 pence, 1 pound, and 2 pounds.