A liability, such as a mortgage or a lien, against an asset whose total value or composition may be subject to change. No charge is placed against the asset except in case of a default, in which case the lien-holder or mortgage-holder must be paid first from proceeds resulting from sale of the asset.
Related information about floating charge:
- Floating charge - Wikipedia, the free encyclopedia
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 ...
- Floating Charge Definition | Investopedia
A security (i.e. mortgage, lien, etc.) that has an underlying asset or group of assets which is subject to change in quantity and value. Corporations can use ...
- What is floating charge? definition and meaning
Definition of floating charge: Lien or mortgage on an asset that changes in quantity and/or value from time to time (such as an inventory), to secure the ...
- Floating charge - The Free Dictionary
(Economics) Chiefly Brit an unsecured charge on the assets of an enterprise that allows such assets to be used commercially until the enterprise ceases to ...
- What is the difference between fixed charge and floating charge ...
A fixed charge is a mortgage on a specific fixed-asset (such as a parcel of land) to secure the repayment of a loan. In this arrangement the asset is ...
- Floating Charge System
Or so it would seem with our unique, Floating Charge System (patent-pending). Most recharging systems require fiddling with docking stations for your batteries; ...
- In the know: Fixed versus floating charges | Norton Rose
But with a floating charge, it is free to dispose of its assets in the ordinary course ... The freedom to do so stops at the point when the floating charge 'crystallises' ...
- "The Floating Charge – An Elegy" by Riz Mokal
The floating charge plays a distinctive role as a residual management displacement device which can only be effective if coupled with an appropriate set of fixed ...