charge on assets

noun [C] (plural charges on assets) (also charge) LAW, PROPERTY

Definition

› the right of a lender to be paid from a borrower's assets if the debt is not paid on time: Every year the company must report its total debts secured by a charge on assets.

(Definition of charge on assets noun from the Cambridge Business English Dictionary © Cambridge University Press)

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charge account noun
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charge certificate noun
charge noun
charge off
charge on assets noun
charge verb
charge-off noun
chargeable adjective
chargeable asset noun
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