Charge

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Charge

The document evidencing mortgage security required by Crown Law (law derived from English law). A Fixed Charge refers to a defined set of assets and is usually registered. A Floating Charge refers to other assets which change from time to time (ie. cash, inventory, etc.), which become a Fixed Charge after a default.

Charge

1. To sell at a certain price. For example, if a grocery store sells coffee beans for $7 per pound, it is said to charge $7 per pound for coffee.

2. Informal; to buy something on credit, especially with a credit card or charge card. That is, one who uses a credit card for transactions is said to charge those transactions.
References in periodicals archive ?
Mani was given the role of project manager, and took charge of other hopefuls in the reality TV programme cooking up food for a noodle bar at the annual Thames Festival.
He took charge of his first international just two years ago when Wales thrashed Romania in Cardiff and has since then blown the whistle at numerous internationals.
The patrolmen took charge of the situation and kept the boy calm until emergency medical units arrived.
The board did what you'd expect a corporate board to do, took charge, started an investigation and is now taking disciplinary action," says Ward.
Lloyd's Chief Executive Nick Prettejohn, who took charge in 1999 to manage a tricky transition, recently answered questions about the market as it straddles the line between its future and its past.
Gloucester's Hayward landed a penalty two minutes later but Leicester took charge after half time.
Interim executive director Matthew Brockmeier, who took charge of both groups in July, said the move was designed to consolidate member bases and services, and facilitate collaboration between the groups.
It has happened twice in the history of the tournament, including 2011, where under-fire Craig Joubert took charge of New Zealand's semi-final win over Australia and their final success against France.
MARK WALKER REAL SOCIEDAD tried to get Billy McNeill as their first Scottish boss - almost 30 years before they did it this week when David Moyes took charge.
External Affairs Minister, Sushma Swaraj too was also an early bird who took charge of her office as she had to join the prime minister at the Hyderabad House where Modi is meeting eight foreign Heads of Government.
Vahanvati, on a request by lawyers, took charge of the event, organised every year by the SCBA.