what is a equitable charge
Equitable charge refers to a security interest in property granted by a debtor.Equitable charges are similar to mortgage interests, and may be enforced by court order for sale.It does not grant ownership or possession to a creditor but gives him or her the right to the judicial process for recovery of the loan amount in case of non-payment.quitable charges are similar to mortgage interests, and may be enforced by court order for sale.