legal charge Meaning in the Cambridge English Dictionary

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 ​lendsmoney 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 ​loansecured by a ​legalcharge on the ​home.
[C] FINANCE money that is ​paid to ​lawyers, ​courts of ​law, etc. for their ​work: Legal ​charges for the 16-month ​courtbattle are expected to ​totalapproximately £170m.
[usually plural] a ​legalstatement that someone has done something ​illegal: Directors of the ​bank now face a ​variety of ​legalcharges.
(Definition of legal charge from the Cambridge Business English Dictionary © Cambridge University Press)
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