Business, Legal & Accounting Glossary
Security taken by lender which floats over all the assets and crystallises over particular assets if the security is required.
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).
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.
Definitions for Floating Charge are sourced/syndicated and enhanced from:
This glossary post was last updated: 9th July, 2019 | 16 Views.