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- Dictionaryfloating charge
noun
- 1. 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).
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- Floating charge
Security interest over the assets of a company
In finance, a floating charge is a security interest over a fund of changing assets of a company or other legal person. Unlike a fixed charge, which is created over ascertained and definite property, a floating charge is created over property of an ambulatory and shifting nature, such as receivables and stock. Wikipedia
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