Charge

Search for glossary terms (regular expression allowed)
Begin with Contains Exact termSounds like

Glossaries

Term Definition
Charge
Recorded at the land registry, a charge registers a lender as a secured creditor and ensures they will be paid from the proceeds of the sale of the property in the event of the property owner defaulting on the loan.

This is occurs when a property owner has used his property as security against other borrows such as a loan.