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Re Spectrum Plus: Difference between revisions
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*the charger ''can'' deal with debtors and collect the debts and | *the charger ''can'' deal with debtors and collect the debts and | ||
*the chargor ''must'' deposit collected debts in a designated account with the charge, ''but'' | *the chargor ''must'' deposit collected debts in a designated account with the charge, ''but'' | ||
*the chargor can then freely draw on the account as long as it | *the chargor can then freely draw on the account as long as it doesn’t exceed the overdraft | ||
is capable in law of being a {{tag|fixed charge}}. | is capable in law of being a {{tag|fixed charge}}. | ||