Define: Floating Charge

UK Accounting Glossary

  1. Home
  2. Glossary
  3. Floating Charge

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.

Cite Term
Sources
Related Phrases

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

Floating Charge FAQ's

What is a fixed & floating charge?
How do floating charges work?
What is the difference between a fixed and floating charge?
What are the characteristics of floating charge?
Can an individual grant a floating charge?

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
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.