chargee
- noun
- /ˈtʃɑrˌdʒi/
- UK
- The bank acted as the chargee in the loan agreement.
Examples
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A chargee has rights to the property until the debt is repaid.
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If the debt remains unpaid, the chargee can enforce the charge through legal action.
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The chargee may take possession of the property if the loan is not repaid.
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A chargee has certain rights under the terms of the security agreement.
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The bank appointed a chargee to oversee the collateral for the loan agreement.
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As the chargee, the firm is responsible for ensuring that the property remains secure until the debt is repaid.
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After the loan was approved, the chargee took possession of the equipment as collateral for the investment.
Synonyms
A person or organization that someone owes money to
A person or company that lends money for a house and can take the house if you do not repay
A person or company that has the right to keep someone's property until a debt is paid
A person or organization that keeps something until a loan is paid back
Surface Forms
Morphology
Etymology
The word chargee comes from charge 'a debt or claim on property' plus the ending -ee, which means 'the person who receives or holds something'. So a chargee is the person or organization who holds a legal charge on property as security for a loan.