First charge


 

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First charge

If 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 Matches

Carrying charge

Carrying charge

The fee a broker charges for carrying securities on credit, such as on a margin account.


Noncash charge

Noncash charge

A cost, such as depreciation, depletion, and amortization, that does not involve any cash outflow.


Chargeable event

Chargeable event

A transaction which leads to a chargeable gain and which in turn promotes the issuing of a chargeable event certificate. For example the sale of an investment bond with a life company which results in a gain will be classed as a chargeable event.


Unpaid ground rent charge

Unpaid ground rent charge

If you are a leaseholder, and the freeholder notifies the lender that you have not paid your ground rent or service charge, the lender may penalise you. Costs £30 - £50.


Import surcharge

Import surcharge

A tax levied uniformly on most or all imports, in addition to already-existing tariffs.


Further Suggestions

Redemption charge
chargeable event certificate
Surcharge
carrying charges
Late charge
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initial charge
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prior charges
Charge certificate
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Late Charge
Deferred charge
chargeable transfer
exit charge
Finance charge
Carrying Charges
management charges
Discharge of lien
charge card
Service charge
Contingent deferred sales charge (CDSC)
Discharge
late charge


 
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