Common use of General Lien Clause in Contracts

General Lien. All monies, securities, commodities, and options which you may at any time be carrying for the undersigned or which may at any time be in your possession for any purpose, including safekeeping, will be subject to a general lien for the discharge of all obligations of the undersigned to you, irrespective of whether or not you have made advances in connection with such securities, commodities or options and irrespective of the number of accounts the undersigned may have with you.