The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

FIXED CHARGE Definition & Legal Meaning

Definition & Citations:

A mortgage on an asset to get repayment. The asset is signed over to the creditor so they can sell it if they must.A charge is registered for the asset by the lender that is in place until the loan is paid in full. Refer to floating charge and fixed charg


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