Nonpossessory agricultural lien

A nonpossessory agricultural lien is a type of security interest or lien granted to a creditor (usually a lender) on crops or agricultural products produced by a debtor (usually a farmer) to secure a loan or other financial obligation. Unlike a possessory lien that allows the creditor to physically possess the collateral, a nonpossessory agricultural lien does not grant physical possession but creates a legal claim on the crops or agricultural products as security for the debt.

Banking