CHARGE ON ASSETS

charge on assets: translation

charge on assets ˌcharge on ˈassets noun charges on assets _PLURALFORM [countable] FINANCE

the right of people who are owed money by a company to receive money from the company's assets if the debt is not paid on time

charge on assets UK US noun [C] (plural charges on assets) (also charge) LAW, PROPERTY

► the right of a lender to be paid from a borrower's assets if the debt is not paid on time: »

Every year the company must report its total debts secured by a charge on assets.