Fixed charge: Difference between revisions
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imported>Doug Williamson m (Category added 8/10/13) |
imported>Doug Williamson m (Added more general definition along the lines of Investopedia: http://www.investopedia.com/terms/f/fixed-charge.asp) |
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''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. | ||
2. | |||
More generally, a type of predetermined payment that recurs on a regular basis e.g. loan payment. | |||
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* [[Security]] | * [[Security]] | ||
[[Category: | [[Category:Compliance_and_audit]] | ||
Revision as of 10:10, 25 January 2014
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.
