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The expression “charge” relates to the security that is supporting the loan – in the event that the loan is not repaid (for example) the lender is able to exercise rights over the asset that is the subject of the charge
A “debenture” is simply a fancier name for a loan
So a “debenture that is secured by a fixed charge over a specific asset” is a loan that is secured by the lender being granted rights over that specific asset
Better?
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