Legal charge
A form of security over property that gives a lender enforceable rights if the secured debt is not paid.
Related terms
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Secured creditor
A creditor with enforceable security over an asset, giving it rights against that asset if the debt is not paid.
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Charge on property
A legal security interest registered against property, giving the creditor rights over the property if the secured obligation is not met.
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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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