Fixed charge: Difference between revisions
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imported>Doug Williamson m (Added more general definition along the lines of Investopedia: http://www.investopedia.com/terms/f/fixed-charge.asp) |
imported>Doug Williamson (Layout.) |
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1. ''Law''. | 1. | ||
''Law''. | |||
A charge attached to a specific asset or assets and which prevents dealing in those assets without the consent of the secured creditor. | A charge attached to a specific asset or assets and which prevents dealing in those assets without the consent of the secured creditor. | ||
Revision as of 11:50, 11 May 2016
1.
Law.
A charge attached to a specific asset or assets and which prevents dealing in those assets without the consent of the secured creditor.
2.
More generally, a type of predetermined payment that recurs on a regular basis e.g. loan payment.
