Fixed charge
Security over a specific asset that generally restricts the company’s ability to dispose of that asset without the lender’s consent.
Related terms
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Charge holder
A lender or other creditor that holds a legal charge over an asset as security for money owed.
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Legal charge
A form of security over property that gives a lender enforceable rights if the secured debt is not paid.
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Debenture
A document creating security for a company’s borrowing, often including fixed and floating charges over business assets.
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