floating charge

See: charge

Accounting dictionary. 2014.

Look at other dictionaries:

  • floating charge — 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… …   Law dictionary

  • Floating charge — Floating charge, lien lien, etc. (Law) A charge, lien, etc., that successively attaches to such assets as a person may have from time to time, leaving him more or less free to dispose of or encumber them as if no such charge or lien existed …   The Collaborative International Dictionary of English

  • floating charge — A type of security interest that charges the debtor s property but does not specify particular assets or pieces of equipment until the security interest or instrument is crystallized. (Dictionary of Canadian Bankruptcy Terms) United Glossary of… …   Glossary of Bankruptcy

  • floating charge — noun (law and economics) A fluctuating borrowing facility secured on the total assets of a company • • • Main Entry: ↑float …   Useful english dictionary

  • Floating charge — 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 conversion into a fixed charge, at which point the charge attaches to specific assets. The …   Wikipedia

  • Floating Charge — 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 floating charges and it does not affect their ability to use the underlying asset as… …   Investment dictionary

  • floating charge — See charges. Dresdner Kleinwort Wasserstein financial glossary * * * floating charge floating charge ➔ charge1 * * * floating charge UK US noun [C] FINANCE, LAW ► an arrangement in which a person or organization that lends money to a company has… …   Financial and business terms

  • Floating charge — Die floating charge ist im Bearbeiten] Literatur Carsten Hofmann: Mortgage und Charge: Gestaltungsmöglichkeiten im englischen Kreditsicherungsrecht. Duncker Humblot, Berlin 2002, ISBN 978 3428108008 …   Deutsch Wikipedia

  • floating charge — palaikomasis įkrovimas statusas T sritis automatika atitikmenys: angl. floating charge vok. Erhaltungsladung, f rus. подзаряд, m pranc. charge de maintien, f …   Automatikos terminų žodynas

  • floating charge — Fin a form of protection given to secured creditors which relates to assets of the company that are changing in nature. Often current assets like stock or debtors are the subject of this type of charge. In the event of default on repayment, the… …   The ultimate business dictionary

  • floating charge — A continuing charge on the assets of the company creating it, but permitting the company to deal freely with the property in the usual course of business until the security holder shall intervene to enforce his claim. Pennsylvania Co. for… …   Black's law dictionary

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