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fixed charge

Translation of fixed charge in Spanish:

noun

  • cargo (masculine) fijo
    Example sentences
    • The conceptual distinction between a floating charge and a fixed charge is complicated by the fact that a fixed charge may cover future assets and attach as soon as the debtor acquires those assets.
    • The judge gave two examples of fixed charges over assets which are defeasible at the will of the chargor.
    • The reasons for this appear relatively simple, banks like to secure loans with a fixed charge over the assets of a company and most resellers don't have or need a significant asset base to operate.

Definition of fixed charge in:

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    Cultural fact of the day

    mezcal

    Mezcal is an alcoholic drink similar to tequila obtained in Mexico by distilling the juice or aguamiel extracted from roasted tips of the maguey plant. Bottles of mezcal are usually sold containing a gusano, the larva of an insect that lives on the maguey. This is said to enhance the flavor.