legal charge - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “legal charge”

legal charge

noun
 
 
LAW
[C] FINANCE, PROPERTY the right that an organization that lends money has to take someone's property if that person does not pay back the money they borrowed to buy the property: legal charge on sth A mortgage is a loan secured by a legal charge on the home.
[C] FINANCE money that is paid to lawyers, courts of law, etc. for their work: Legal charges for the 16-month court battle are expected to total approximately £170m.
[usually plural] a legal statement that someone has done something illegal: Directors of the bank now face a variety of legal charges.
(Definition of legal charge from the Cambridge Business English Dictionary © Cambridge University Press)
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