Blanket Appropriation Definition

Blanket Appropriation Definition

What Is Blanket Appropriation? A blanket appropriation authorizes expenditures on a blanket basis without the individual using the funds having to specify individual projects the funds are being allocated towards. Blanket appropriation is often used in connection with government-level finances. Managers that have blanket appropriation are afforded discretion over how to use the funds. Key Takeaways A blanket appropriation

Blanket Lien Definition

Blanket Lien Definition

What Is a Blanket Lien? A blanket lien is a lien that gives the right to seize, in the event of nonpayment, all types of assets serving as collateral owned by a debtor. A blanket lien, theoretically, gives a creditor a legal interest in all of the debtor’s assets serving as collateral. Blanket liens provide