Fixed Charge Definition

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Definition Of Fixed Charge:

Lien or mortgage on a specific fixed-asset (such as a parcel of land) to secure the repayment of a loan.
In this arrangement the asset is signed over to the creditor and the borrower would need the lender's permission to sell it. The lender also registers a charge against the asset which remains in force until the loan is repaid. See also floating charge and fixed charges.

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