prior charges

prior charges

INTEREST payments on DEBENTURES and LOAN STOCK which must be paid by a company before any dividend payments can be made to shareholders. See ORDINARY SHARE, PREFERENCE SHARE.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
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