A charge is a legal interest in property or shares used to secure the payment of money owed, giving the chargee priority over unsecured creditors.
A fixed charge is the portion of an expense that remains constant, regardless of the amount of a commodity or service used or consumed.
A receiver is an individual appointed to manage the property, assets, or business operations of an entity during bankruptcy or other legal proceedings. The specific powers and duties of a receiver can vary based on the type of receivership.
A secured creditor holds a financial interest, either through a fixed or floating charge, over the assets of a debtor, providing a level of security for the creditor's investment by granting the right to seize or sell these assets if the debtor defaults.
