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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 MatchesUnpaid ground rent chargeUnpaid ground rent chargeIf 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. Late chargeLate chargeA charge imposed by a lender to a borrower when the borrower fails to make payment on the due date. Noncash chargeNoncash chargeA cost, such as depreciation, depletion, and amortization, that does not involve any cash outflow. Sales chargeSales chargeA brokerage fee charged to a buyer of shares in a mutual fund. The charge is deducted prior to the balance being invested in the fund. Charge offCharge offSee: Bad debt Further SuggestionsDischarge feeCarrying Charges prior charges Carrying charge Finance Charge Finance charge Deferred charge chargeable gain chargeable transfer Discharge Sales charge Late charge Bankruptcy charge management charges Redemption charge Surcharge Late Charge Import surcharge Discharge of lien chargeable event certificate exit charge initial charge chargeable event Service charge Contingent deferred sales charge (CDSC) |
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