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Amwelladmin (talk | contribs) (Created page with "A "floating" charge is a security interest, which hovers in the ether, allowing the assets to move in and out of the custody account unhindered, but on an enforcement even...") |
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A "floating" charge is a [[security interest]], which hovers in the | 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]]. | ||
{{seealso}} | |||
*[[Fixed charge]] | |||
*[[Security interest]] | |||
*[[floater|Light brown floater]] | |||
{{c|Floating charge}} |