Floating Assets - Law Dictionary Search Results
Floating assets
Matched in: Term Floating assets
Floating security
Matched in: Term Floating security
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
Keep your definitions linked to case research
Hypothecation
delivery of possession of the movable property to such creditor, as a security for financial assistance and includes floating charge and crystallization of such charge into fixed charge on movable property. [Securitisation and Reconstruction of Financial Assets
Floating charge
Matched in: Term Floating charge
Floating charge
Matched in: Term Floating charge
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 … defined as including debenture stock, bonds or other securities of a company whether constituting a charge on the assets of the company or not. The charge created by debentures as a rule is fixed on the company's
note
usually serves as evidence demand note : a note payable on demand compare time note in this entry floating rate note : a negotiable note that yields an indexed and periodically adjusted variable rate of interest called … to the bearer recourse note : a note whose satisfaction upon default may be obtained from the debtor's assets other than and in addition to the collateral securing it re·new·al note : a note that continues an
Preferential payments
these debts are to have priority over the claims of holders of debentures or debenture stock under any floating charge created by a company. The debts are a first charge on goods or proceeds distrained upon within … the National Insurance Acts (Health and Unemployment and Contributory Pensions). These debts rank equally between them unless the assets are insufficient, in which case they are to abate in equal proportions. By the (English) Bankruptcy Act, 1914
- ‹ Prev
- Next ›
Try the research workspace - 7 days free