Charge: Difference between revisions

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{{a|security|[[File:Everybody floats.jpg|thumb|center|Well - we ''all'' do, now and then, when spring is upon us.]]}}Spoddy pointy headed law-nerd point: a [[charge]] is an equitable proprietary interest. It is a [[creature of equity]]. Not a pantomime dromedary, but an intellectual construct dreamed up by those woundrous [[Courts of chancery|Courts of Chancery]].
{{a|security|{{image|Everybody floats|jpg|Well - we ''all'' do, now and then, when spring is upon us.}}}}Spoddy pointy headed law-nerd point: a [[charge]] is an equitable proprietary interest. It is a [[creature of equity]]. Not a pantomime dromedary, but an intellectual construct dreamed up by those woundrous [[Courts of chancery|Courts of Chancery]].


A charge is the sort of [[security interest]] you take over a real thing that you can move about — legal speak: what we used to call [[chattel|chattels]] and one now calls “[[tangible movable property]]”. Good, old fashioned, real stuff. Rolling stock. Raw materials. Ships. Aeroplanes.  [[Negotiable instrument |Negotiable financial instruments]]. You can take a charge — probably a [[Floating charge|''floating'' one]] — over the stock in trade in a factory. A fixed charge requires quite a lot of control.
A charge is the sort of [[security interest]] you take over a real thing that you can move about — legal speak: what we used to call [[chattel|chattels]] and one now calls “[[tangible movable property]]”. Good, old fashioned, real stuff. Rolling stock. Raw materials. Ships. Aeroplanes.  [[Negotiable instrument |Negotiable financial instruments]]. You can take a charge — probably a [[Floating charge|''floating'' one]] — over the stock in trade in a factory. A fixed charge requires quite a lot of control.