Floater: Difference between revisions

Latest revision as of 13:30, 14 August 2024

A word about credit risk mitigation

Legal security: Mortgage • Pledge • Lien • Bailment Equitable security: Charge • fixed • floating \| ABWOS \| Equitable lien Credit risk mitigation: Title transfer \| Guarantee \| Letter of credit \| Netting Friends and relations: Rehypothecation \| Equivalent Documents: 1994 NY CSA \| 1995 CSA \| 1995 ISDA CSD (English law) Regulation: LPA 1925 \| Financial Collateral Regulations \| LPMPA 1994 Index: Click ᐅ to expand: Taking security Security Collateral

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Could be so many unseemly things:

In the context of financial arrangements:

most often a form of equitable mortgage which hovers over the encumbered assets in question only to clamp down on them when the going gets tough: a floating charge, in other words. To be compared and enviously contrasted with a fixed charge.

A floater might also refer to a floating rate note or a floating rate in the abstract, but this isn’t really to be encouraged.

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-{{a|security|[[File:Everybody floats.jpg|thumb|center|Well - we ''all'' do, now and then, when spring is upon us.]]}}Could be so many unseemly things:
+{{a|security|[[File:Everybody floats.jpg|thumb|450px|center|Well - we ''all'' do, now and then, when spring is upon us.]]}}Could be so many unseemly things:
-*A dead body (see Stephen King's ''IT'')
+*A dead body (see Stephen King’s ''IT'')
-*A poo that won’t go down (aka a “light brown floater”)
+*A poo that won’t ''go down'' (a.k.a. a “light brown floater”)
 In the context of financial arrangements:
-*most often a form of [[equitable mortgage]] which hovers over the encumbered assets in question only to [[Crystallise|clamp down]] on them when the going gets tough: a {{tag|floating charge}}, in other words. To be compared and enviously contrasted with a {{tag|fixed charge}}.
+*most often a form of [[equitable mortgage]] which hovers over the encumbered assets in question only to [[Crystallise|clamp down]] on them when the going gets tough: a [[floating charge]], in other words. To be compared and enviously contrasted with a [[fixed charge]].
-A [[floater]] might also refer to a [[floating rate note]] or a [[floating rate]] in the abstract, but this isn't really to be encouraged.
+A [[floater]] might also refer to a [[floating rate note]] or a [[floating rate]] in the abstract, but this isn’t really to be encouraged.
 {{sa}}