- charge
- 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• 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 profitˈcover charge [countable]COMMERCE an amount of money you have to pay at some restaurants and clubs in addition to the cost of food and drinksˈhandling charge [countable] TRANSPORTa 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 charge1. [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]• Before the merger, the shares will be exempt from sales charges.
ˈservice charge1. [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 billan 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 wires2. [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] FINANCEthe 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 onˈfloating ˌcharge [countable] FINANCEthe 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.
• 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.
• 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 verb1. [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.
• I charged the shoes on my Visa card.
• He was charged with theft.
to lose profit because money that is owed to you will not be repaid:* * *
Ⅰ.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.
► [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.
Ⅱ.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.
→ 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.
