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charge
what is charge creation?. please tell with eg.
Replies (3)
charge means right in the assets of the person to whom we extend financial assistance in order to secure our advances..
please tell with example
for eg. I provide to you some money for some period.
but for securing that money I asked u to assure me about safety of my money.
so u assured me that if u can't pay me back,then u will give ur watch to me.
& now created a chrge on the watch in mine's favour.
if u don't pay me then I will be entitled to take ur watch.
but for securing that money I asked u to assure me about safety of my money.
so u assured me that if u can't pay me back,then u will give ur watch to me.
& now created a chrge on the watch in mine's favour.
if u don't pay me then I will be entitled to take ur watch.
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