Multiple choice

Charge means which of the following?

(i) Interest (ii) Right which a lender obtains (iii) Right which a creditor obtains

  1. Only (i)

  2. Only (i) and (ii)

  3. Only (ii) and (iii)

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

A charge means an interest or right, which a lender or creditor obtains in a property of a company by way of security that a company will pay back the debt. When a charge is created, it has to be registered with the Registrar of Companies.

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