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Glossary Term: CHARGE

Definition(s) for CHARGE:


1. ) refers to the document evidencing mortgage security required by Crown Law (law derived from English law). A Fixed Charge refers to a defined set of assets and is usually registered. A Floating Charge refers to other assets which change from time to time (ie. cash, inventory, etc.), which become a Fixed Charge after a default.


See Also:
CHARGE-BACKS, CONTINGENT DEFERRED SALES CHARGE (CDSC), CAPITAL CHARGE RATE, CARRYING CHARGE, DEFERRED CHARGE, FINANCE CHARGE, FIXED-CHARGE COVERAGE RATIO, NONRECURRING CHARGE, CHARGE OFF, SALES CHARGE, CARRYING CHARGE, FULL CARRYING CHARGE MARKET


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