Skip to main content
chargee

chargee

9.7
A person or organization given property to keep until a debt is paid
  • noun
  • /ˈtʃɑrˌdʒi/
  • UK
translation icon : acreedor
  • The bank acted as the chargee in the loan agreement.

Examples

  • A chargee has rights to the property until the debt is repaid.

  • If the debt remains unpaid, the chargee can enforce the charge through legal action.

  • The chargee may take possession of the property if the loan is not repaid.

  • A chargee has certain rights under the terms of the security agreement.

  • The bank appointed a chargee to oversee the collateral for the loan agreement.

  • As the chargee, the firm is responsible for ensuring that the property remains secure until the debt is repaid.

  • After the loan was approved, the chargee took possession of the equipment as collateral for the investment.

Synonyms

creditor
vschargee
76 3.0

A person or organization that someone owes money to

is the party that receives property or rights as security, not just being owed money
mortgagee
vschargee
  • Specialized
1 8.1

A person or company that lends money for a house and can take the house if you do not repay

is the recipient of property or rights used as security, not always the lender
lienholder
vschargee
  • Specialized
1 8.2

A person or company that has the right to keep someone's property until a debt is paid

takes property or rights as security rather than merely keeping possession
pledgee
vschargee
  • Formal
9.2

A person or organization that keeps something until a loan is paid back

is used mainly in legal contexts rather than general usage

Surface Forms

chargee singular
chargees plural

Morphology

chargee = charge (transparent) = charge + ee

Formed by the verb 'charge' + the agent/recipient suffix '-ee', the meaning 'person to whom something is charged' follows directly.

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.