Floater: Difference between revisions
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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 | *A dead body (see Stephen King’s ''IT'') | ||
*A poo that won’t go down ( | *A poo that won’t ''go down'' (a.k.a. a “light brown floater”) | ||
In the context of financial arrangements: | 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 {{tag|floating charge}}, in other words. To be compared and enviously contrasted with a {{tag|fixed charge}}. | ||
A [[floater]] might also refer to a [[floating rate note]] or a [[floating rate]] in the abstract, but this | 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}} | {{sa}} | ||
Revision as of 17:16, 22 February 2021
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A word about credit risk mitigation
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Could be so many unseemly things:
- A dead body (see Stephen King’s IT)
- 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 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.