Prior charges - The fixed liabilities of an investment trust including loan capital and usually preference shares. The subtraction of these charges from total assets gives the net asset value of the trust. Prior charges may be expressed either at par value or current market value.
Prior charges : the fixed liabilities of an investment trust including loan capital and usually preference shares. the subtraction of these charges from total assets gives the net asset value of the trust. prior charges may be expressed either at par value or current market value.
Prior charges