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单词 prior charge
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prior charge
prior charge n. Finance a class of stock or capital which takes precedence over ordinary stocks or capital with regard to claims for payment.
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society > trade and finance > stocks and shares > stocks, shares, or bonds > [noun] > types of
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1851 Times 14 July 7/1 It secures a prior charge on the gross receipts to an extent adequate, if not more than adequate, to the interest on the amount necessary to complete the entire line.]
1930 Economist 22 Mar. 653/1 Foreign bonds, industrial prior-charge stocks and even industrial preference shares shared in the general tendency, though to a less conspicuous extent.
1968 H. Johannsen & A. Robertson Managem. Gloss. 105 Prior charges, all types of debentures, preference shares and other stocks ranking for payment of interest or dividend in precedence to the ordinary shares.
2001 Financial Times 27 Jan. 27/6 The NAV basis assumes prior charges at par value, convertibles converted and warrants exercised if dilution occurs.
extracted from prioradj.adv.n.2
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