10
you are viewing a single comment's thread
view the rest of the comments
[-] hibsen@lemmy.world 2 points 6 days ago* (last edited 6 days ago)

On the off-chance some financially clued-in person doesn't stop by, here's what I found searching:

A charge is a form of security over an asset which gives the charge-holder (typically a lender) the right to have the asset and its proceeds of sale appropriated to discharge the debt. Companies typically grant fixed and floating charges over their assets as security for their corporate borrowing.

I'm not financially intelligent but it sounds a bit like collateral?

this post was submitted on 25 Jun 2024
10 points (91.7% liked)

Spaceflight

454 readers
33 users here now

Your one-stop shop for spaceflight news and discussion.

All serious posts related to spaceflight are welcome! JAXA, ISRO, CNSA, Roscosmos, ULA, RocketLab, Firefly, Relativity, Blue Origin, etc. (Arca and Pythom, if you must).

Other related space communities:

Please keep memes contained to !spaceflightmemes@sh.itjust.works

founded 10 months ago
MODERATORS