Floating Security - Law Dictionary Search Results
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 … without notice or a hearing : a note containing a confession of judgment collateral note : a note secured esp. by a collateral mortgage and pledged to secure an obligation of which a hand note usually serves
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 … not of certain value to be estimated justly (s. 261). If the company is insolvent, the rights of secured and unsecured creditors, the admissibility of debts and claims, and the valuation of annuities and future or contingent
Ship
any type whatsoever not per-manently attached to the seabed and includes dynamically supported craft, submersibles, or any other floating craft. [Suppression of Unlawful Acts Against Safety of Maritime Navigation and Fixed Platforms on Continental Shelf Act, 2002, … by foreigners none of whom reside in the United Kingdom, until the owners have made satisfaction or given security to abide the result of an action. The order, it seems, will be made on the applicant showing
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