A general lien against a set of assets, such as inventory or accounts receivable, in which the assets aren't specifically identified.
Related information about floating lien:
- Floating Lien Definition | Investopedia
A floating lien is used when the smaller components of the general asset can ... A bank making a loan secured by a floating lien will have an interest in the set of ...
- Floating Lien - Legal Dictionary - The Free Dictionary
A security interest retained in collateral even when the collateral changes in character, classification, or location. An inventory loan in which the lender receives a ...
- What is floating lien? definition and meaning
Definition of floating lien: A general lien against a set of assets, such as inventory or accounts receivable, in which the assets aren't specifically identified.
- Floating lien | LII / Legal Information Institute
A security interest in a group of property that remains in place even after the exact items in that group of property change. Thus, a business can obtain loans and ...
- Floating Lien: Definition from Answers.com
Lien attached to a companys assets or class of assets. Previous: Floating Exchange Rate , Floating Debt Next: Floating R.
- Insecurity for Secured Creditiors: The Floating Lien and Section 547 ...
ory which may be available to the floating lien creditor who is faced with a preferential transfer attack under section 547 by the bankruptcy trustee. I. SECURITY ...
- Lien - Wikipedia, the free encyclopedia
... same property. floating lien (United States)—a lien that is expanded to cover any additional property that is acquired by the lienor while the debt is outstanding ...
- floating lien Definition | Business Dictionaries from AllBusiness.com
floating lien. loan or credit facility secured by inventory or receivables. This type of security agreement gives the lender an interest in assets acquired by the ...