Meaning of “charge on assets” in the English Dictionary


"charge on assets" in Business English

See all translations

charge on assetsnoun [ C ]

uk us plural charges on assets also charge LAW, PROPERTY

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” from the Cambridge Business English Dictionary © Cambridge University Press)