MoneyGlossary.com
Home  

Charge

Definition: [crh] The document evidencing mortgage security required by Crown Law (law derived from English law). A Fixed Charge refers to a defined set ofDefinition: assets and is usually registered. A Floating Charge refers to other assets which change from time to time (ie. cash, inventDefinition: ory, etc.), which become a Fixed Charge after a default.

<< Go back