Chargeable events

Occur when certain payments are made from packaged life and investment products, e.g. certain life policy payments, bond withdrawals. They may or may not give rise to a tax charge but if they do, any resultant tax liability falls within normal income tax rules.

Chargeable gains

The gains made on a chargeable event, i.e. the excess of returns over investment from certain package products. The gains are chargeable to higher rate income tax but not the basic rate or capital gains tax (see top slicing).

Charged

A building heavily filled with smoke and gases and in danger of becoming seriously involved in a fire, or having a back draft calling for a quick action and effective ventilation in conjunction with proper placement of hose lines.

Charges

1. Dollar amount a hospital bills an outlier case based on the itemized bill. 2. Dollar amount assigned for a medical service and billed by a health care provider to the patient’s financial account statement. 3. In Medicare fraud, unbundling or exploded charges (e.g., to bill a multichannel set of laboratory tests to appear as if the individual tests had been performed).