View source for Fixed charge

A [[fixed charge]] encumbers asset it secures from day one. To benefit from a fixed charge you need to have control over the assets - if the debot can deal with the secured assets as it pleases without your knowledge and control, your charge may fail. On a good day it might get [[recharacterised]] as a floating charge — but don't bank on it and note that there are certain formal requirements to perfect a floating charge which you are likely not to have done, seeing as you were thinking what you had was a fixed charge.

===Why take a fixed charge?===
A [[fixed charge]] is better than its poor relation the [[floating charge]]:
*practically, because you ''do'' (right?) keep control over the asset and can prevent the debtor salting it away, and 
*legally, because it ranks ahead of a [[floating charge]] in the debtor’s {{tag|insolvency}} (well - it would do: the first in time prevails, and by definition, a [[floating charge]] only fixes when it crystallises, imeaning a [[floater]] is always last to the party).

However, it does require the [[security holder]] to have control of the charged asset. If she doesn’t her fixed charge conceivably fail. 

===Fixed charges are good for===
*Buildings
*Plant
*immovable forces
Custody assets (where the charge holder is the Custodian)

===Fixed charges are not so good for===
*Stock in trade
*Consummables that are in the debtor’s possession

{{seealso}}
*[[floating charge]]
*[[security]]
*[[mortgage]]