|A word about credit risk mitigation
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.