Akademik

charge

The document evidencing mortgage security required by Crown Law (law derived from English law). A Fixed Charge refers to a defined set of assets and is usually registered. A Floating Charge refers to other assets which change from time to time ( i.e. cash, inventory, etc.), which become a Fixed Charge after a default. Bloomberg Financial Dictionary

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▪ I. charge charge ¹ [tʆɑːdʒ ǁ tʆɑːrdʒ] noun

1. [countable, uncountable] COMMERCE an amount of money paid for services or goods:

• Vodafone is cutting its call charges by 15%.

• You can search the database free of charge.

charge for

• Politicians are opposing higher charges for electricity.

ˌcapital ˈcharge [countable]

ACCOUNTING the cost to a business of borrowing money and allowing for depreciation (= fall in value over time) of its assets:

• A system of capital charges will show health authorities' use of existing capital assets and any new capital investment.

ˈcarrying ˌcharge [countable]

1. ACCOUNTING the cost of storing assets that have not yet been sold or from which you have not received any profit

2. especially AmE FINANCE COMMERCE a charge added to the price of goods sold on credit

ˈcover charge [countable]

COMMERCE an amount of money you have to pay at some restaurants and clubs in addition to the cost of food and drinks

ˈhandling charge [countable] TRANSPORT

a charge for dealing with goods or moving them from one place to another:

• I received a handling charge of £2 for each set of travellers cheques.

ˈmanagement charge

1. [countable] FINANCE an amount charged by a broker or investment fund for managing investors' money:

• One of the advantages of investment trusts is the relatively low management charges and dealing costs.

2. [countable] PROPERTY an amount charged by a company that manages property to the owner of a building or tenant S (= those renting it)

ˈsales charge [countable]

FINANCE an amount of money that you pay when you buy shares, bonds, insurance etc from a broker:

• Before the merger, the shares will be exempt from sales charges.

ˈservice charge

1. [countable] PROPERTY an amount of money paid to the owner of a rented block of offices for services such as cleaning and repairing the building:

• The firm negotiated a 25-year lease at a cost of £400,000 a year, including rates and service charge.

2. [countable] FINANCE an amount of money paid to a company, especially a bank, for arranging something such as a loan or special service for a customer:

• A service charge is made on each withdrawal from the account.

3. COMMERCE an amount of money added to a bill in a restaurant and given to the people who serve the food. A service charge is usually 10 or 15% of the total bill

surˈrender charge also surˈrender ˌpenalty [countable] INSURANCE

an amount of money someone owning an insurance policy has to pay if they stop the policy before it mature S (= becomes due for payment):

• Most annuities have steep surrender charges in the first seven years.

• Investors should always compare surrender penalties.

termiˈnation charge [countable]

the fee for making a call to or from a mobile phone using telephone networks with wires

2. [countable usually plural] BANKING FINANCE money charged by a bank for services such as paying cheques, sending out bank statements etc:

• concern at the level of bank charges charged by some of the High Street banks

ˈfinance charge [countable]

FINANCE BANKING the amount of money a bank charges in interest on a loan, especially a credit card account:

• If you pay your account balance in full each month you will avoid any finance charges on your purchases.

3. also legal charge [countable] LAW FINANCE a legal right to an asset belonging to another person if a particular event happens, for example if they do not repay a loan with which they bought the asset:

• Fund the purchase of the house by a loan, with the lender holding a charge on the property as security.

ˈfixed ˌcharge [countable] FINANCE

the right of people who are owed money by a company to receive money from particular assets belonging to the company, for example a building or equipment, when these have been already agreed on

ˈfloating ˌcharge [countable] FINANCE

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

• Typically, when lending money to a company, a bank will take as security a charge over all or most of the assets of the company, the charge being a fixed charge on land and certain other assets, and a floating charge over the remaining assets.

4. [countable] ACCOUNTING FINANCE a cost, especially one that is not paid regularly:

• The company's net loss for the period will also include a restructuring charge of $12 million.

• Denver said it will take a charge (= pay a cost ) of about $590 million for the write-off of certain assets.

5. be in charge (of) to be the person who manages a group of people, an organization, or an activity:

• Under the new plan, each board member will be in charge of one product area.

• He was put in charge of GM's worldwide truck operations.

6. take charge (of) to take control of a group of people, an organization, or an activity:

• After a brief power struggle, she took charge of the family firm.

7. [countable] LAW an official statement saying that someone has done something against the law:

• He was arrested on charges of bribery.

floating charge against

• The charges against him are expected to cover fraud, forgery and fraudulent bankruptcy.

[m0] ▪ II. charge charge ² verb

1. [intransitive, transitive] COMMERCE to ask someone to pay a particular amount of money for something:

• She was charged $995 for a belt that really only cost $195.

• The prices that producers charged for food fell by 0.8% in July.

2. charge something to somebody's account COMMERCE to record the cost of something on someone's account so they can pay for it later:

• Charge the room to the company's account.

3. FINANCE [transitive] to pay for something with a credit card:

• I charged the shoes on my Visa card.

4. [transitive] LAW to state officially that someone has done something against the law:

• He was charged with theft.

charge something → off phrasal verb [transitive] ACCOUNTING FINANCE

to lose profit because money that is owed to you will not be repaid:

• The bank charged off $82.9 million in bad loans on the third quarter.
— see also charge-off

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Ⅰ.

charge UK US /tʃɑːdʒ/ verb

► [I or T] COMMERCE, FINANCE to ask for a particular amount of money for something, especially a service or activity: charge (sb) sth for sth »How much will you charge us for shipping and handling?
»They charged $200 for insurance.
charge (sb) for sth »We do not charge you for this service.
charge a price/fee, etc. »He considered that the price they were charging was fair.
»The bank charges a commission to withdraw money from a foreign ATM.

► [T] to pay for something by credit card: »I don't have any cash - I'll charge it.

● charge sth to sb's account — Cf. charge sth to sb's account

► [T] ACCOUNTING to record something as a cost in a financial account: charge sth to sth »The depreciation is charged to the profit and loss account.

► [T] LAW to make a formal statement saying that someone is accused of a crime: charge sb with sth »The property developer was charged with fraud.

► [T] to publicly accuse someone of having done something bad: charge sb with sth »The newspaper charged him with misleading the public about the seriousness of the situation.

► [T, often passive] to ask someone to do a particular job: be charged with sth »The committee has been charged with developing a new funding formula.

Ⅱ.

charge UK US /tʃɑːdʒ/ noun

► [C or U] COMMERCE, FINANCE the amount of money that you have to pay for something, especially for a service: make/impose/incur a charge »If you fail to cancel the booking within the specified period, you will incur a charge.
charge for sb/sth »Is there a charge for children or do they go free?
small/nominal charge »We make a nominal charge for this service.
high charges »Small investors are put off by the high charges for this sort of account
»There will be a one-off charge of £30.
»Interest charges on an overdraft are usually quite high.
»We will deliver to your home free of charge.

► [C] ACCOUNTING a cost that is recorded in a company's financial accounts: take a charge for sth »The company expects to take a charge for various expenses relating to the acquisition.
»Depreciation is treated as a charge in the profit and loss account.

► [C] LAW, PROPERTY CHARGE ON ASSETS(Cf. ↑charge on assets): »a mortgage, or other charge against the property

► [C] LAW a formal statement accusing someone of committing a crime: bring a charge against sb »Charges were brought against the UK company under the Corporate Manslaughter and Homicide Act.
on a charge of sth »She was arrested on a charge of fraud.
»criminal charges
»He was taken into custody but released without charge.

► [C] a statement that someone has done something bad: »He responded angrily to the charge that he had not acted in the best interests of the company.

● in charge — Cf. in charge

● take charge (of sth) — Cf. take charge of sth

→ See also ACCRUED CHARGE(Cf. ↑accrued charge), BANK CHARGE(Cf. ↑bank charge), CAPITAL CHARGE(Cf. ↑capital charge), CARRYING CHARGE(Cf. ↑carrying charge), CERTIFICATE OF CHARGE(Cf. ↑certificate of charge), COVER CHARGE(Cf. ↑cover charge), EXIT CHARGE(Cf. ↑exit charge), FINANCE CHARGE(Cf. ↑finance charge), FIXED CHARGE(Cf. ↑fixed charge), FLOATING CHARGE(Cf. ↑floating charge), HANDLING CHARGE(Cf. ↑handling charge), LANDING CHARGE(Cf. ↑landing charge), MANAGEMENT CHARGE(Cf. ↑management charge), RESTRUCTURING CHARGE(Cf. ↑restructuring charge), REVERSE-CHARGE(Cf. ↑reverse-charge), SALES CHARGE(Cf. ↑sales charge), SERVICE CHARGE(Cf. ↑service charge), SOCIAL CHARGES(Cf. ↑social charges), TERMINATION CHARGE(Cf. ↑termination charge)

Financial and business terms. 2012.