The document evidencing mortgage security required by Crown Law (law derived from English law). A Fixed Charge refers to a defined set of assets and is usually registered. A Floating Charge refers to other assets which change from time to time ( i.e. cash, inventory, etc.), which become a Fixed Charge after a default. Bloomberg Financial Dictionary

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I. charge charge 1 [tʆɑːdʒ ǁ tʆɑːrdʒ] noun
1. [countable, uncountable] COMMERCE an amount of money paid for services or goods:

• Vodafone is cutting its call charges by 15%.

• You can search the database free of charge.

charge for

• Politicians are opposing higher charges for electricity.

ˌcapital ˈcharge [countable]
ACCOUNTING the cost to a business of borrowing money and allowing for depreciation (= fall in value over time) of its assets:

• A system of capital charges will show health authorities' use of existing capital assets and any new capital investment.

ˈcarrying ˌcharge [countable]
1. ACCOUNTING the cost of storing assets that have not yet been sold or from which you have not received any profit
2. especially AmE FINANCE COMMERCE a charge added to the price of goods sold on credit
ˈcover charge [countable]
COMMERCE an amount of money you have to pay at some restaurants and clubs in addition to the cost of food and drinks
ˈhandling charge [countable] TRANSPORT
a charge for dealing with goods or moving them from one place to another:

• I received a handling charge of £2 for each set of travellers cheques.

ˈmanagement charge
1. [countable] FINANCE an amount charged by a broker or investment fund for managing investors' money:

• One of the advantages of investment trusts is the relatively low management charges and dealing costs.

2. [countable] PROPERTY an amount charged by a company that manages property to the owner of a building or tenant S (= those renting it)
ˈsales charge [countable]
FINANCE an amount of money that you pay when you buy shares, bonds, insurance etc from a broker:

• Before the merger, the shares will be exempt from sales charges.

ˈservice charge
1. [countable] PROPERTY an amount of money paid to the owner of a rented block of offices for services such as cleaning and repairing the building:

• The firm negotiated a 25-year lease at a cost of £400,000 a year, including rates and service charge.

2. [countable] FINANCE an amount of money paid to a company, especially a bank, for arranging something such as a loan or special service for a customer:

• A service charge is made on each withdrawal from the account.

3. COMMERCE an amount of money added to a bill in a restaurant and given to the people who serve the food. A service charge is usually 10 or 15% of the total bill
surˈrender charge also surˈrender ˌpenalty [countable] INSURANCE
an amount of money someone owning an insurance policy has to pay if they stop the policy before it mature S (= becomes due for payment):

• Most annuities have steep surrender charges in the first seven years.

• Investors should always compare surrender penalties.

termiˈnation charge [countable]
the fee for making a call to or from a mobile phone using telephone networks with wires
2. [countable usually plural] BANKING FINANCE money charged by a bank for services such as paying cheques, sending out bank statements etc:

• concern at the level of bank charges charged by some of the High Street banks

ˈfinance charge [countable]
FINANCE BANKING the amount of money a bank charges in interest on a loan, especially a credit card account:

• If you pay your account balance in full each month you will avoid any finance charges on your purchases.

3. also legal charge [countable] LAW FINANCE a legal right to an asset belonging to another person if a particular event happens, for example if they do not repay a loan with which they bought the asset:

• Fund the purchase of the house by a loan, with the lender holding a charge on the property as security.

ˈfixed ˌcharge [countable] FINANCE
the right of people who are owed money by a company to receive money from particular assets belonging to the company, for example a building or equipment, when these have been already agreed on
ˈfloating ˌcharge [countable] FINANCE
the right of people who are owed money by a company to receive money from all the company's assets if the debt is not paid on time:

• Typically, when lending money to a company, a bank will take as security a charge over all or most of the assets of the company, the charge being a fixed charge on land and certain other assets, and a floating charge over the remaining assets.

4. [countable] ACCOUNTING FINANCE a cost, especially one that is not paid regularly:

• The company's net loss for the period will also include a restructuring charge of $12 million.

• Denver said it will take a charge (= pay a cost ) of about $590 million for the write-off of certain assets.

5. be in charge (of) to be the person who manages a group of people, an organization, or an activity:

• Under the new plan, each board member will be in charge of one product area.

• He was put in charge of GM's worldwide truck operations.

6. take charge (of) to take control of a group of people, an organization, or an activity:

• After a brief power struggle, she took charge of the family firm.

7. [countable] LAW an official statement saying that someone has done something against the law:

• He was arrested on charges of bribery.

floating charge against

• The charges against him are expected to cover fraud, forgery and fraudulent bankruptcy.

  [m0] II. charge charge 2 verb
1. [intransitive, transitive] COMMERCE to ask someone to pay a particular amount of money for something:

• She was charged $995 for a belt that really only cost $195.

• The prices that producers charged for food fell by 0.8% in July.

2. charge something to somebody's account COMMERCE to record the cost of something on someone's account so they can pay for it later:

• Charge the room to the company's account.

3. FINANCE [transitive] to pay for something with a credit card:

• I charged the shoes on my Visa card.

4. [transitive] LAW to state officially that someone has done something against the law:

• He was charged with theft.

charge something → off phrasal verb [transitive] ACCOUNTING FINANCE
to lose profit because money that is owed to you will not be repaid:

• The bank charged off $82.9 million in bad loans on the third quarter.

— see also charge-off

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charge UK US /tʃɑːdʒ/ verb
[I or T] COMMERCE, FINANCE to ask for a particular amount of money for something, especially a service or activity: charge (sb) sth for sth »

How much will you charge us for shipping and handling?


They charged $200 for insurance.

charge (sb) for sth »

We do not charge you for this service.

charge a price/fee, etc. »

He considered that the price they were charging was fair.


The bank charges a commission to withdraw money from a foreign ATM.

[T] to pay for something by credit card: »

I don't have any cash - I'll charge it.

charge sth to sb's account — Cf. charge sth to sb's account
[T] ACCOUNTING to record something as a cost in a financial account: charge sth to sth »

The depreciation is charged to the profit and loss account.

[T] LAW to make a formal statement saying that someone is accused of a crime: charge sb with sth »

The property developer was charged with fraud.

[T] to publicly accuse someone of having done something bad: charge sb with sth »

The newspaper charged him with misleading the public about the seriousness of the situation.

[T, often passive] to ask someone to do a particular job: be charged with sth »

The committee has been charged with developing a new funding formula.

charge UK US /tʃɑːdʒ/ noun
[C or U] COMMERCE, FINANCE the amount of money that you have to pay for something, especially for a service: make/impose/incur a charge »

If you fail to cancel the booking within the specified period, you will incur a charge.

charge for sb/sth »

Is there a charge for children or do they go free?

small/nominal charge »

We make a nominal charge for this service.

high charges »

Small investors are put off by the high charges for this sort of account


There will be a one-off charge of £30.


Interest charges on an overdraft are usually quite high.


We will deliver to your home free of charge.

[C] ACCOUNTING a cost that is recorded in a company's financial accounts: take a charge for sth »

The company expects to take a charge for various expenses relating to the acquisition.


Depreciation is treated as a charge in the profit and loss account.

[C] LAW, PROPERTY CHARGE ON ASSETS(Cf. ↑charge on assets): »

a mortgage, or other charge against the property

[C] LAW a formal statement accusing someone of committing a crime: bring a charge against sb »

Charges were brought against the UK company under the Corporate Manslaughter and Homicide Act.

on a charge of sth »

She was arrested on a charge of fraud.


criminal charges


He was taken into custody but released without charge.

[C] a statement that someone has done something bad: »

He responded angrily to the charge that he had not acted in the best interests of the company.

in charge — Cf. in charge
take charge (of sth) — Cf. take charge of sth
See also ACCRUED CHARGE(Cf. ↑accrued charge), BANK CHARGE(Cf. ↑bank charge), CAPITAL CHARGE(Cf. ↑capital charge), CARRYING CHARGE(Cf. ↑carrying charge), CERTIFICATE OF CHARGE(Cf. ↑certificate of charge), COVER CHARGE(Cf. ↑cover charge), EXIT CHARGE(Cf. ↑exit charge), FINANCE CHARGE(Cf. ↑finance charge), FIXED CHARGE(Cf. ↑fixed charge), FLOATING CHARGE(Cf. ↑floating charge), HANDLING CHARGE(Cf. ↑handling charge), LANDING CHARGE(Cf. ↑landing charge), MANAGEMENT CHARGE(Cf. ↑management charge), RESTRUCTURING CHARGE(Cf. ↑restructuring charge), REVERSE-CHARGE(Cf. ↑reverse-charge), SALES CHARGE(Cf. ↑sales charge), SERVICE CHARGE(Cf. ↑service charge), SOCIAL CHARGES(Cf. ↑social charges), TERMINATION CHARGE(Cf. ↑termination charge)

Financial and business terms. 2012.

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  • charge — [ ʃarʒ ] n. f. • XIIe; de charger I ♦ 1 ♦ Ce qui pèse sur; ce que porte ou peut porter une personne, un animal, un véhicule, un bâtiment. ⇒ faix, fardeau, poids. Lourde charge. Ployer sous la charge. « les charges laissées aux femmes par nos… …   Encyclopédie Universelle

  • chargé — charge [ ʃarʒ ] n. f. • XIIe; de charger I ♦ 1 ♦ Ce qui pèse sur; ce que porte ou peut porter une personne, un animal, un véhicule, un bâtiment. ⇒ faix, fardeau, poids. Lourde charge. Ployer sous la charge. « les charges laissées aux femmes par… …   Encyclopédie Universelle

  • charge — CHARGE. s. f. Faix, fardeau. Charge pesante, excessive, légère. On a donné trop de charge à ce mur, à ce plancher. f♛/b] l signifie aussi Ce que peut porter une personne, un animal, un vaisseau, ou autre chose semblable. La charge d un mulet, d… …   Dictionnaire de l'Académie Française 1798

  • charge — Charge, ou fardeau, Onus. Une charge et charté, Vehes, vehis. La charge qu on baille à aucun pour faire quelque chose, Actus, Mandatum, Ministerium, Negotium, Onus. Toute charge qu on prend, ou qu on baille à faire, Prouincia. Une charge… …   Thresor de la langue françoyse

  • charge — CHARGE. s. f. Faix, fardeau que porte une personne, un animal, un vaisseau, un mur, un plancher, ou autre chose semblable. Charge pesante, excessive, legere. Charge de cotrets, de fagots, Ce qu un Crocheteur peut porter à la fois. Charge de bled …   Dictionnaire de l'Académie française

  • charge — 1 n 1 a: something required: obligation b: personal management or supervision put the child in his charge c: a person or thing placed under the care of another 2: an authoritative instr …   Law dictionary

  • chargé — chargé, ée (char jé, jée) part. passé. 1°   Qui a reçu une charge. Les épaules chargées d un lourd fardeau. La charrette mal chargée par les hommes de service. Un navire chargé. •   Deux mulets cheminaient, l un d avoine chargé...., LA FONT. Fabl …   Dictionnaire de la Langue Française d'Émile Littré

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  • Charge — Charge, n. [F. charge, fr. charger to load. See {Charge}, v. t., and cf. {Cargo}, {Caricature}.] 1. A load or burder laid upon a person or thing. [1913 Webster] 2. A person or thing commited or intrusted to the care, custody, or management of… …   The Collaborative International Dictionary of English

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