Airbus will take a charge of nearly $1 billion because of poor cost and schedule performance on satellite programs, and will evaluate strategic options.
On the off-chance some financially clued-in person doesn’t stop by, here’s what I found searching:
A charge is a form of security over an asset which gives the charge-holder (typically a lender) the right to have the asset and its proceeds of sale appropriated to discharge the debt. Companies typically grant fixed and floating charges over their assets as security for their corporate borrowing.
I’m not financially intelligent but it sounds a bit like collateral?
On the off-chance some financially clued-in person doesn’t stop by, here’s what I found searching:
I’m not financially intelligent but it sounds a bit like collateral?