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Natantly

In a floating manner swimmingly

Floater

One who floats or swims

flotsam

flotsam : floating wreckage of a ship or its cargo compare jetsam

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Debenture

The charge created by debentures as a rule is fixed on the company's property or by way of floating charge. If fixed, the remedies upon default are those available to mortgagees and those stipulated for and endorsed

floater

floater 1 from the notion that the policy “floats” with the goods it insures, wherever they might be located

Winding-up

preferential payments and (if the company is registered in England) postpones the claims of debenture holders under any floating charge created by the company, but only so far as the assets are insufficient to meet the claims

By way of specific charge

that without more fastens on ascertained and definite property or property capable of being ascertained and defined, a floating charge, on the other hand, is ambulatory and shifting in its nature, hovering over and so to speak

Podoscaph

A canoe shaped float attached to the foot for walking on water

Catamaran

A kind of raft or float consisting of two or more logs or pieces of wood lashed together and moved by paddles or sail

lien

or encumbrances of the same general category but not necessarily over those (as taxes) imposed by government sanction float·ing lien : a lien created in a security agreement against property owned by the debtor at the time

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