Define: Floating Charge

UK Accounting Glossary

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.



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).


Full Definition of Floating Charge




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https://payrollheaven.com/define/floating-charge/
Modern Language Association (MLA):
Floating Charge. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. August 23, 2019 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: August 23, 2019).
American Psychological Association (APA):
Floating Charge. PayrollHeaven.com. Retrieved August 23, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/floating-charge/

Definition Sources


Definitions for Floating Charge are sourced/syndicated from:


This glossary post was last updated: 23rd December 2018.