Meaning of “legal charge” in the English Dictionary

"legal charge" in Business English

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legal chargenoun

uk us 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)