Share this entry

Share this page

floating charge

Saltos de línea: float|ing charge

Definición de floating charge en inglés:

sustantivo

A liability to a creditor which relates to the company’s assets as a whole and may become fixed in particular circumstances (such as liquidation). Compare with fixed charge.
Example sentences
  • On 12 th August 1988 Wallace entered into cross-guarantees with the other companies in the Prospective Group in favour of Midland and granted to Midland a debenture containing fixed and floating charges to secure its liability.
  • The creditor took a general floating charge over the company's assets and a fixed charge over its uncollected book debts.
  • The receivers proceeded to realize the assets charged by the fixed and floating charges created by the debentures.

Share this entry

Share this page

 

¿Qué te llama la atención de esta palabra o frase?

Comments that don't adhere to our Community Guidelines may be moderated or removed.

Obtenga más de Oxford Dictionaries

Suscribirse para eliminar anuncios y acceder a los recursos premium

Palabra del día tenebrous
Pronunciación: ˈtɛnɪbrəs
adjective
dark; shadowy or obscure