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      Question

      In banking terminology, what does the term "Banker’s

      lien" refer to?
      A The right of a bank to sell a customer's asset in case of a loan default Correct Answer Incorrect Answer
      B The right of a bank to retain a customer's property until the debt is paid Correct Answer Incorrect Answer
      C The bank’s authority to set the interest rate on loans Correct Answer Incorrect Answer
      D The customer’s right to transfer their account to any other bank Correct Answer Incorrect Answer
      E The bank’s authority to issue letters of credit Correct Answer Incorrect Answer

      Solution

      Banker’s lien refers to the right of a bank to retain a customer's property that is in the bank’s possession until the debt is cleared.

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