Charge as security: definition clarifies interest or lien on property or assets, including mortgage, under insolvency law.

A Charge is a proprietary security interest consisting of an interest or lien created on the property or assets of a person, or on any of its undertakings, either singly or jointly, established as security and expressly including a mortgage, thereby treating mortgages as encompassed within the broader concept of charge and as encumbrances on property and undertakings to secure obligations.

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