82,891
edits
Charge: Difference between revisions
no edit summary
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) No edit summary |
||
| Line 4: | Line 4: | ||
A charge is the sort of security you take over a real thing that you can move about - legal speak: what we used to call [[chattel|chattels]] and one now calls “[[tangible movable property]]”. Good, old fashioned, real stuff. Rolling stock. Raw materials. Ships. Aeroplanes. [[Negotiable instrument |Negotiable financial instruments]]. You can take a charge — probably a [[Floating charge|''floating'' one]] — over the stock in trade in a factory. A fixed charge requires quite a lot of control. | A charge is the sort of security you take over a real thing that you can move about - legal speak: what we used to call [[chattel|chattels]] and one now calls “[[tangible movable property]]”. Good, old fashioned, real stuff. Rolling stock. Raw materials. Ships. Aeroplanes. [[Negotiable instrument |Negotiable financial instruments]]. You can take a charge — probably a [[Floating charge|''floating'' one]] — over the stock in trade in a factory. A fixed charge requires quite a lot of control. | ||
You can also take a charge over book debts and the balance in a bank account - if can even be [[Fixed charge|fixed]], as long as you can legally prevent the [[chargor]] withdrawing its money whenever it likes - see {{ | You can also take a charge over book debts and the balance in a bank account - if can even be [[Fixed charge|fixed]], as long as you can legally prevent the [[chargor]] withdrawing its money whenever it likes - see {{casenote1|Re Spectrum Plus}} | ||