Floating Charge

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Definition: Floating Charge

Quick Summary of Floating Charge

Security taken by lender which floats over all the assets and crystallises over particular assets if the security is required.

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What is the dictionary definition of Floating Charge?

Dictionary Definition

a liability to a creditor which relates to the company’s assets as a whole and may become fixed in particular circumstances (such as liquidation).

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To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

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https://payrollheaven.com/define/floating-charge/
Modern Language Association (MLA):
Floating Charge. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 23, 2021 https://payrollheaven.com/define/floating-charge/.
Chicago Manual of Style (CMS):
Floating Charge. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/floating-charge/ (accessed: September 23, 2021).
American Psychological Association (APA):
Floating Charge. PayrollHeaven.com. Retrieved September 23, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/floating-charge/

Definition Sources

Definitions for Floating Charge are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 9th July, 2019 | 16 Views.