Nadine has taught nursing for 12 years and has a PhD in Nursing research. In this lesson, you'll learn the definition and characteristics of a scientific theory and understand how theories are formulated. You'll see examples of scientific theories, and after the lesson you can test your knowledge with a brief quiz.
A vendorâs lien is a claim held by a seller on either personal property or real estate, allowing the seller to repossess the property under certain circumstances. It most commonly kicks in when a buyer has fallen behind on payments relating to the property.
Instead, these lenders require a general lien, called a UCC-1 blanket lien, on your business assets. This lien really does give businesses without compelling assets the chance to access financing. However, agreeing to having a lien placed on your business assets shouldnât be taken lightly.