This term has a number of meanings. In the context of:
Financing: a Uniform Commercial Code ( www.practicallaw.com/1-382-3891) (UCC) concept relating to a security interest ( www.practicallaw.com/7-382-3812) in collateral ( www.practicallaw.com/3-382-3343) provided by a debtor to secure performance of obligations in favor of a creditor. Once the requirements for attachment of the security interest under the UCC have been satisfied, the security interest in the collateral is enforceable by the creditor against the debtor. For further information, see Practice Note, UCC Creation, Perfection and Priority of Security Interests ( www.practicallaw.com/6-381-0551) .
Litigation: a legal process by which a judge issues an order (at the request of the plaintiff) seizing a defendant's property to ensure a judgment for money damages rendered against the defendant can be satisfied. An attachment order prevents a defendant from selling, transferring or otherwise disposing of assets to make it judgment proof or to avoid paying its obligations.