Prior charges, Glossary and Terms, Depository Institutions & Credit Unions

U.S Depository Institutions List of United States Depository Institutions, Credit Unions, Guide Service

"Prior charges"

In simple terms, a prior charge should be seen as an amount which must be paid before your claim on the income or assets of the trust. This may include debt and/or the existence of prior ranking classes of shares.

Depository glossary and terms by letter

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