FLOATING CHARGE - A type of security interest that charges the debtor's property but does not specify p...
FLOATING DEBT - Short-term debt that is renewed and refinanced constantly to fund capital needs of a fi...
A floating charge is a qualifying floating charge if it is expressed to be one, or if the security document purports to give the holder power to appoint an administrator or administrative receiver.
Floating Charge
Charge or assignment on a company's total assets as security for a loan on total assets without specifying specific assets.
Floating Interest Rate ...
Floating charge:
A security/collateral for a loan given by the borrower as a guarantee against his company's assets. The lender will register a floating charge on the total assets of the borrower, without listing them.
Floating charge
A form of security for a debt. Instead of naming a specific property, which can be taken by the creditor if the debtor defaults - as in a fixed charge like a mortgage - a class of goods or assets is named, ...
Floating Charge: A security interest created over variable or unascertainable assets such as receivables, inventories, spare parts, bank accounts, and so on.
Floating Charge
A lien over a class of assets where the individual assets may change over time (such as receivables or inventories).
Floating Rate Note (FRN) ...
A Floating Charge refers to other assets which change from time to time (ie. cash, inventory, etc.), which become a Fixed Charge after a default.
Floating charge: an arrangement whereby a lender to a company has a floating charge over the assets generally of the company gives the lender priority of repayment from the proceeds of sale of the assets in the event of insolvency.
describing creditor holding borrower's asset used to describe a creditor who has a claim such as a mortgage or floating charge on an asset or assets of the borrower.
Related definitions of "secured"
See also collateral, security ...
A Fixed Charge refers to a defined set of Assets and is usually registered. A Floating Charge refers to other Assets which change over time eg. Cash, Inventory, etc which become a Fixed Charge after a Default.
Debentures are similar to bonds, but typically not secured by the pledge of specific corporate assets. They may, however, be secured by a "floating charge" on the issuer's assets generally.
Debenture (Guaranteed under CDIC): ...
Debentures are fixed interest securities in return for long-term loans, they tend to be dated for redemption between ten and forty years ahead of the date of issue. They may be secured by a floating charge on the company's assets or they may be tied ...
Debentures
A type of long-term unsecured bond (loan), taken out by a company, which it agrees to repay at a specified future date. Usually secured against specific assets (mortgage debentures) or through a floating charge on the firms assets.
 See also: Banks, Receiver, Intervention, Fixed charge, Floating-rate note
  
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