charge

1) A legal or equitable interest in land, securing the payment of money. It gives the creditor in whose favour the charge is created (the chargee) the right to payment from the income or proceeds of sale of the land charged, in priority to claims against the debtor by unsecured creditors.
2) An interest in company property created in favour of a creditor (e. g. as a debenture holder) to secure the amount owing. Most charges must be registered by the Registrar of Companies (see also register of charges). A fixed charge is attached to specific fixed assets (e. g. premises, plant and machinery) and while in force prevents the company from dealing freely in those assets without the consent of the lender. A floating charge is not immediately attached to any specific asset but 'floats' over all the company's assets, to which it will not attach until crystallization, i. e. until some event (typically winding-up) causes it to become fixed. Before crystallization, the company may deal freely with such assets; this type of charge is suitable for current assets, whose values must necessarily fluctuate. If the company goes into liquidation, fixed-charge holders are paid before preferential creditors, who are paid before floating-charge holders. A charge can also be created upon shares. For example, the articles of association usually give the company a lien in respect of unpaid calls, and company members may, in order to secure a debt owed to a third party, charge their shares, either by a full transfer of shares coupled with an agreement to retransfer upon repayment of the debt or by a deposit of the share certificate.

Big dictionary of business and management. 2014.

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  • charge — [ ʃarʒ ] n. f. • XIIe; de charger I ♦ 1 ♦ Ce qui pèse sur; ce que porte ou peut porter une personne, un animal, un véhicule, un bâtiment. ⇒ faix, fardeau, poids. Lourde charge. Ployer sous la charge. « les charges laissées aux femmes par nos… …   Encyclopédie Universelle

  • chargé — charge [ ʃarʒ ] n. f. • XIIe; de charger I ♦ 1 ♦ Ce qui pèse sur; ce que porte ou peut porter une personne, un animal, un véhicule, un bâtiment. ⇒ faix, fardeau, poids. Lourde charge. Ployer sous la charge. « les charges laissées aux femmes par… …   Encyclopédie Universelle

  • charge — CHARGE. s. f. Faix, fardeau. Charge pesante, excessive, légère. On a donné trop de charge à ce mur, à ce plancher. f♛/b] l signifie aussi Ce que peut porter une personne, un animal, un vaisseau, ou autre chose semblable. La charge d un mulet, d… …   Dictionnaire de l'Académie Française 1798

  • charge — Charge, ou fardeau, Onus. Une charge et charté, Vehes, vehis. La charge qu on baille à aucun pour faire quelque chose, Actus, Mandatum, Ministerium, Negotium, Onus. Toute charge qu on prend, ou qu on baille à faire, Prouincia. Une charge… …   Thresor de la langue françoyse

  • chargé — chargé, ée (char jé, jée) part. passé. 1°   Qui a reçu une charge. Les épaules chargées d un lourd fardeau. La charrette mal chargée par les hommes de service. Un navire chargé. •   Deux mulets cheminaient, l un d avoine chargé...., LA FONT. Fabl …   Dictionnaire de la Langue Française d'Émile Littré

  • charge — CHARGE. s. f. Faix, fardeau que porte une personne, un animal, un vaisseau, un mur, un plancher, ou autre chose semblable. Charge pesante, excessive, legere. Charge de cotrets, de fagots, Ce qu un Crocheteur peut porter à la fois. Charge de bled …   Dictionnaire de l'Académie française

  • charge — 1 n 1 a: something required: obligation b: personal management or supervision put the child in his charge c: a person or thing placed under the care of another 2: an authoritative instr …   Law dictionary

  • Charge — or charged may refer to: Charge (basketball), illegal contact by pushing or moving into another player s torso Charge (fanfare), a six note trumpet or bugle piece denoting the call to rush forward Charge (heraldry), any object depicted on a… …   Wikipedia

  • Charge — Charge, n. [F. charge, fr. charger to load. See {Charge}, v. t., and cf. {Cargo}, {Caricature}.] 1. A load or burder laid upon a person or thing. [1913 Webster] 2. A person or thing commited or intrusted to the care, custody, or management of… …   The Collaborative International Dictionary of English

  • Charge!! — Studio album by The Aquabats Released June 7, 20 …   Wikipedia

  • Charge 69 — Pays d’origine  France Genre musical Punk rock Années d activité 1993 aujourd hui Site officiel …   Wikipédia en Français

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