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First charge |
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First chargeIf your property is collateral for more than one property and the borrower defaults on payments, the lender with a first charge has the option to repossess the home.First charge Similar MatchesBankruptcy chargeBankruptcy chargeThis is an investigation carried out by the Land Charges Registry to check if a purchaser is or has ever been bankrupt. Most mortgage lenders will insist on this search being carried out and it usually carries a small charge. DischargeDischargePaying of the remainder of a mortgage. Exit chargeExit chargeInstead of making an initial charge, some unit trust companies (particularly PEP managers) make a charge if units are cashed in, for example, within five years. In the US this is known as a back end load. Carrying chargeCarrying chargeThe fee a broker charges for carrying securities on credit, such as on a margin account. Redemption chargeRedemption chargeThe commission a mutual fund charges an investor who is redeeming shares. For example, a 2% redemption charge (also called a back end load) on the sale of shares valued at $1000 will result in payment of $980 (or 98% of the value) to the investor. This charge may decline or be eliminated as shares are held for longer time periods. Further Suggestionsmanagement chargesNoncash charge Discharge of lien Finance Charge chargeable event certificate Contingent deferred sales charge (CDSC) Sales charge Surcharge Discharge fee prior charges Unpaid ground rent charge chargeable gain Late Charge Charge off Deferred charge initial charge Charge certificate late charge Late charge chargeable event Carrying Charges carrying charges sales charge Import surcharge Service charge |
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