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
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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.
Financial and business terms. 2012.