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Legal Terms-equitable charge
1. Refer to the equitable mortgage. 2. A *charge made by allocating particular assets for the repayment of a debt or other commitment. To establish an equitable charge, expressed purpose is sufficient; no additional wording is required.
1. Refer to the equitable mortgage. 2. A *charge made by allocating particular assets for the repayment of a debt or other commitment. To establish an equitable charge, expressed purpose is sufficient; no additional wording is required.
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