A floating charge is a security interest over a fund of changing assets of a company or a limited liability partnership (LLP), which `floats` or `hovers` until the point at which it is converted into a fixed charge, at which point the charge attaches to specific assets of the company or LLP. This conversion into a fixed charge (called `crysta...
Found on
http://en.wikipedia.org/wiki/Floating_charge
• Alt. of lien
Found on
http://thinkexist.com/dictionary/meaning/floating_charge/
A floating charge is a form of security granted to a creditor over general assets of a company which may change from time to time in the normal course of business (e.g. stock). The company can continue to use the assets in its business until an event of default occurs and the charge crystallises. If this happens, the secured creditor can realise th...
Found on
http://www.encyclo.co.uk/local/20407
A mortgage, debenture or other security documentation, is likely to create charges over particular assets as security for borrowings or other indebtedness. There are essentially two types of charge, floating and fixed. A floating charge is appropriate to assets and material which is subject to change on a day to day basis, such as stock. Individual...
Found on
http://www.encyclo.co.uk/local/20456
A charge created by a company over all company assets for the time being. The lender has no immediate right over the assets but upon crystallisation of the charge he or she can enforce against any or all of the assets covered by the charge.
Found on
http://www.encyclo.co.uk/local/20460
A form of security for a debt. Instead of naming a specific property, which can be taken by the creditor if the debtor defaults, as in a fixed charge like a mortgage, a class of goods or assets is named, such as the debtor's stock. This allows the debtor to trade in the assets freely. But if the debtor fails to make repayments, then the floating ch...
Found on
http://www.encyclo.co.uk/local/20546
A floating charge is a form of security over general assets of a company which can change from time to time as part of the normal activity of a business. The company continues to use the assets until a default event occurs. If this happens, the secured creditor will usually appoint an administrative receiver to realise the assets to recover the deb...
Found on
http://www.encyclo.co.uk/local/20547
A floating charge is a charge over the assets of a company; it is not a legal charge over its fixed assets but floats over the charged assets until crystallized by some predetermined event. For example, a floating charge may be created over all the assets of a company, including its trading stock. The assets may be freely dealt with until a crystal...
Found on
http://www.probertencyclopaedia.com/browse/JF.HTM
A floating charge is a form of security granted to a creditor over general assets of a company which may change from time to time in the normal course of business (e.g. stock). The company can continue to use the assets in its business until an event of default occurs and the charge crystallises. If this happens, the secured creditor can realise th...
Found on
https://www.encyclo.co.uk/local/20527
a form of security for a debt. Instead of naming a specific property, which can be taken by the creditor if the debtor defaults (as in a fixed charge like a mortgage), a class of goods or assets is named, such as the debtor's stock. This allows the debtor to trade in the assets freely, but if the debtor fails to make repayments then the floating ch...
Found on
https://www.encyclo.co.uk/local/20914
No exact match found.
