Entry from British & World English dictionary
A class of stock or capital on which claims for payment take precedence over the claims of ordinary stock or capital: items to be taken into account as a prior charge on the assets
More example sentences
- She left her home jointly to her daughter, Mrs Wilkinson, and her son Mr Brian Thomas, with a prior charge on the proceeds of sale of the house in favour of her ex-husband Mr Geoffrey Thomas.
For editors and proofreaders
Line breaks: prior charge
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.