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Charge: Difference between revisions
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A charge is the sort of security you take over a real thing that you can move about - legal speak: what we used to call [[chattel|chattels]] and one now calls “[[tangible movable property]]”. Good, old fashioned, real stuff. Rolling stock. Raw materials. Ships. Aeroplanes. [[Negotiable instrument |Negotiable financial instruments]]. You can take a charge — probably a [[Floating charge|''floating'' one]] — over the stock in trade in a factory. A fixed charge requires quite a lot of control. | A charge is the sort of security you take over a real thing that you can move about - legal speak: what we used to call [[chattel|chattels]] and one now calls “[[tangible movable property]]”. Good, old fashioned, real stuff. Rolling stock. Raw materials. Ships. Aeroplanes. [[Negotiable instrument |Negotiable financial instruments]]. You can take a charge — probably a [[Floating charge|''floating'' one]] — over the stock in trade in a factory. A fixed charge requires quite a lot of control. | ||
You can also take a charge over book debts and the balance in a bank account | You can also take a charge over book debts and the balance in a bank account - if can even be [[Fixed charge|fixed]], as long as you can legally prevent the [[chargor]] withdrawing its money whenever it likes - see {{casenote|Re Spectrum Plus}} | ||
{{Seealso}} | {{Seealso}} | ||
*[[Floating charge]] | *[[Floating charge]] - a poor {{sex|man’s}} charge. | ||
*[[Fixed charge]] | *[[Fixed charge]] - better than a [[floater]] in every way. | ||
*[[Security]] | *[[Security]] | ||
*[[Assignment by way of security]] | *[[Assignment by way of security]] | ||
{{charges in Ireland}} | {{charges in Ireland}} | ||