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单词 charge
释义
charge

charge 1. a formal accusation by the authorities that the accused has committed a specified offence.

2. the price to be paid for GOODS or services.

3. a form of SECURITY over property. In the case of a MORTGAGE, an interest in the mortgaged property is conferred on the mortgagee, providing him with certain rights and powers to enable him to pro- tect his investment: in contrast, in the case of a charge, the chargee acquires rights and powers but not interest. In the case of a charge by way of legal mortgage, the chargee has the same protection, powers and remedies as if a mortgage term by DEMISE or sub-demise were vested in him (see Law of Property Act 1925). A charge may be fixed or floating: a fixed charge is a charge over a particular asset or prop-

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charity

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erty; a FLOATING CHARGE is a charge over the entire assets (from time to time changing) and undertaking of a company. Property subject to a fixed charge may not be disposed of without the consent of the chargee, whereas such consent is not required in the case of a float- ing charge. A charge may be legal or equitable: a legal charge (which must be created in due form, i.e. by deed) confers legal rights on the chargee that will prevail over all-comers, including a bona fide pur- chaser of a legal estate for value without notice; an equitable charge (which may be created informally, as, for example, by the deposit of documents of title) confers rights that prevail over all subsequent interests in the property charged except those of a bona fide pur- chaser for value of a legal estate for value without notice. See CHARGE FOR PAYMENT.

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更新时间:2024/10/27 3:41:24