Floating Charge - Law Dictionary Search Results
Floating charge
Matched in: Term Floating charge
floating lien
Matched in: Term floating lien
Floating security
Matched in: Term Floating security
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Floating assets
Matched in: Term Floating assets
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 on … mortgagees and those stipulated for and endorsed on the debenture or provided by the trust deed. See also FLOATING CHARGE. This form of security is frequently resorted to by public companies to raise money for the prosecution of
By way of specific charge
Matched in: Term By way of specific charge
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 of
lien
[Anglo-French, bond, obligation, literally, tie, band, from Old French, from Latin ligamen, from ligare to bind] : a charge or encumbrance upon property for the satisfaction of a debt or other duty that is created by agreement … 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
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 and
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