Floater: Difference between revisions

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(Created page with "Could be so many unseemly things: A dead body, a poo that won’t go down — but in the context of financial arrangements, most likely a form of equitable mortgage which...")
 
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Could be so many unseemly things: A dead body, a poo that won’t go down — but in the context of financial arrangements, most likely 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 {{tag|floating charge}}, in other words. To be compared and enviously contrasted with a {{tag|fixed charge}}.
Could be so many unseemly things:  
*A dead body (see Stephen King's ''IT'')
*A poo that won’t go down (aka 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 {{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 isn't really to be encouraged.  


{{seealso}}
{{seealso}}
*[[Floating charge]]
*[[Floating charge]]
*[[Floating rate]]
*[[You must be joking|How to get a fluffy floater to flush]]
*[[You must be joking|How to get a fluffy floater to flush]]


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Revision as of 18:02, 16 March 2018

Could be so many unseemly things:

  • A dead body (see Stephen King's IT)
  • A poo that won’t go down (aka 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.

See also