floating charge (Meaning)
Webster
floating charge ()
Alt. of lien
Synonyms & Antonyms of floating charge
No Synonyms and anytonyms found
floating charge Sentence Examples
- The company granted a floating charge over its assets to secure the loan.
- Floating charges provide flexibility as the company can continue to sell or dispose of its assets.
- Unlike fixed charges, floating charges do not attach to specific assets.
- The floating charge attaches to the assets of the company as a whole.
- The floating charge becomes fixed if the company goes into liquidation.
- Floating charges are typically used to secure loans or other debts.
- The priority of floating charges is determined by the date of registration.
- The floating charge is a type of security interest that allows the company to retain possession of its assets.
- The floating charge creates a charge over the company's assets, but not over its land.
- The floating charge is an equitable charge as it is not registered at the Land Registry.
FAQs About the word floating charge
Alt. of lien
No synonyms found.
No antonyms found.
The company granted a floating charge over its assets to secure the loan.
Floating charges provide flexibility as the company can continue to sell or dispose of its assets.
Unlike fixed charges, floating charges do not attach to specific assets.
The floating charge attaches to the assets of the company as a whole.
