Floating charge: Difference between revisions

Floating charge (view source)

212 bytes added , 20 October 2022

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-A "floating" charge — fondly known by legal witterati as a “[[floater]]”, is a [[security interest]], which hovers in the æther, allowing the assets to move in and out of the custody account unhindered, but upon an [[enforcement event]] suddenly clamps down on whatever is in the account and becomes a [[fixed charge|“fixed” charge]].
+{{a|security|{{image|Everybody floats|jpg|Well - we ''all'' do, now and then, when spring is upon us.}}}}A “floating” charge — fondly known by legal witterati as a “[[floater]]”, is a [[security interest]], which hovers in the æther, allowing the assets to move in and out of the custody account unhindered, but upon an [[enforcement event]] suddenly clamps down — the technical term is that it “[[crystallise]]s” — on whatever is in the account and becomes a [[fixed charge|“fixed” charge]].
-{{seealso}}
+{{sa}}
+*[[Charge]]
+*[[Assignment by way of security]]
 *[[Fixed charge]]
 *[[Security interest]]