Word: lien
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...have been in some communication with the club and (have) for a while deferred tax taking," O'Connor said. But he added. "We will not do it much longer. If the club does not pay everything within a few months, we will file a lien against the property...
Chase's action set off a chain of legal moves by other banks to protect their outstanding loans by suing to attach Iranian property. Morgan Guaranty, for instance, obtained a lien on Iran's 25% interest in two of West Germany's best-known companies: Friedrich Krupp, a diversified steel and engineering combine; and Deutsche Babcock, a manufacturer of industrial equipment. Meanwhile, Bank Markazi sued in London courts to unfreeze $3.3 billion in Iranian assets held in five London branches of U.S. banks...
...assets issue will be the claims brought by companies and individuals who were owed money for work they once did in Iran, or who have been the victims of expropriation since the revolution. The latest of these claimants is Xerox, which last week asked a federal court for a lien of $85 million against the frozen assets. Xerox is seeking to receive payment for Rank Xerox Iran, a company that it owns jointly with Britain's Rank Organization. Iran's Bonyad-e Mostasafin, a foundation set up by the Iranian government to seize the Shah's holdings...
...recession, the Trane Co., an air conditioner manufacturer in La Crosse, Wis., had to carry $750 million in due bills. Now, Trane starts leaning on customers after 30 days. If the bill is not paid within 90 days, Trane goes to court and obtains a mechanic's lien on the building where the equipment is installed. Recalcitrant contractors usually pay up fast...
...Under protest," Carter registered as a foreign agent on July 14. He has since said that he has no plans to work for the Libyans, but he could still make money from his contract with Charter. He will need every cent. In April, the Internal Revenue Service clamped a lien for back taxes on 38.6 acres that are part of the 58-acre site of his home in Buena Vista...