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Fixed Charge
Lien or mortgage on a specific fixed-asset (such as a parcel of land) to secure the repayment of a loan. In this arrangement the asset is signed over to the creditor and the borrower would need the lender's permission to sell it. The lender also registers a charge against the asset which remains in force until the loan is repaid. Also called fixed debenture. See also floating charge and fixed charges.
Photo:
Source: dictionary.com
Photo:
Source: dictionary.com
Labels:
fixed debenture,
fixed-asset,
Lien,
mortgage
Wednesday, March 28, 2012
Tuesday, March 27, 2012
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