Solicitors & Lawyers
Legal Phrases
Term: fixed charge
1.
A fixed charge is a form of security over specific property. The property cannot be sold without permission from the person holding the charge. Charges are taken out as means for creditors to have recourse to assets in default of repayment of a loan or other advance.
Usage: The bank took out a fixed charge over the real property for the credit facility.
Related Words: floating charge; charge; company; lien; security interest.
Companies: Internal Governance – Directors Loans and Duties to UK Companies
Regulatory Compliance – Accounting Requirements under the UK Companies Acts
Intellectual Property Protection – Knowing your own Intellectual Property - Intellectual Property Due Diligence in the Sale of Businesses
T: +44 20 7353 2732
F: +44 20 7353 2733
Email Us
Contact lawyers
Sitemap
Technology | Commercial | Corporate law firm | London UK
Solicitors & Lawyers | Copyright | Gillhams 2005 - 2008
