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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

B The right of a bank to retain a customer's property until the debt is paid

C The bank’s authority to set the interest rate on loans

D The customer’s right to transfer their account to any other bank

E The bank’s authority to issue letters of credit

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Relevant for Exams:

SBI CBO

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