Floating Charge

Business, Legal & 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).

Cite Term

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.

Page URL
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.