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Secured with first charge

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Data descriptor

of

Secured with first charge

from

ASC Collections Data Dictionary (Beta v1.3)

Source

https://digital.nhs.uk/data-and-information/data-collections-and-data-sets/data-collections/social-care-collection-materials-2022

Secured with first charge means that upon the sale of the security (most likely property) the council has the first claim on the proceeds of that sale in order to pay off the loan.

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