A blanket inventory lien is where items are not identified or tagged, and there is no physical transfer of control of the inventory by the borrower.

Question

Quizplus · Accepted Answer

A blanket inventory lien does not require identification or tagging of individual items, and the borrower retains physical control of the inventory. This type of lien covers all or a substantial portion of the borrower's inventory as a whole.

A Blanket Inventory Lien Is Where Items Are Not Identified