Here you will find one or more explanations in English for the word Floating charge.
Also in the bottom left of the page several parts of wikipedia pages related to the word Floating charge and, of course, Floating charge synonyms and on the right images related to the word Floating charge.
Floating charge
Floating charge Floating charge, lien lien, etc. (Law)
A charge, lien, etc., that successively attaches to such
assets as a person may have from time to time, leaving him
more or less free to dispose of or encumber them as if no
such charge or lien existed.
Meaning of Floating charge from wikipedia
- finance, a
floating charge is a
security interest over a fund of
changing ****ets of a
company or
other legal person.
Unlike a
fixed charge,
which is created...
- In
English law, a
qualifying floating charge is a
floating charge which enables the
holder to
appoint an
administrator or
administrative receiver under...
-
development of the
floating charge,
creditors were
effectively able to take
security over a company's
entire business by
means of a
floating charge over the undertaking...
- it is also
possible for a
director and, crucially, the
holder of a
floating charge over the company's
whole property to
apply for
appointment of an administrator...
-
thereby almost granting a
monopoly in
favour of the bank
holding the
floating charge on
lending to the company. Some
economists question the
utility of...
-
Administrative receivers can no
longer be
appointed by
floating charge holders with the
exception of
floating charges created prior to 15
September 2003. Voluntary...
- In law, a
voidable floating charge refers to a
floating charge entered into
shortly prior to the
company going into
liquidation which is void or unenforceable...
- felt to be too
favourable to the
floating charge holder at the
expense of
other creditors.
Holders of a
floating charge created prior to 15
September 2003...
- When the
company failed, the company's
liquidator contended that the
floating charge should not be honoured, and
Salomon should be made
responsible for...
- a UK
insolvency law case,
concerning the
conversion of a
floating charge into a
fixed charge ("crystallisation"). It held that an
automatic crystallisation...
