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Secured with first charge

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Data descriptor
ASC Collections Data Dictionary (Beta v1.3)
NHS Digital

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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