Difference between revisions of "Floating charge"

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m (Added 'winding-up' in see also)
(Link with Crystallisation.)
 
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== See also ==
 
== See also ==
 
* [[Charge]]
 
* [[Charge]]
 +
* [[Crystallisation]]
 
* [[Debenture]]
 
* [[Debenture]]
 
* [[Fixed charge]]
 
* [[Fixed charge]]

Latest revision as of 21:45, 10 March 2019

Law.

A charge over the general assets of a company, such as stock.

The assets may change and the company can use the assets without the consent of the secured creditor until the charge 'crystallises' (becomes fixed).

Crystallisation happens on the appointment of an administrative receiver, on the presentation of a winding-up petition or as otherwise provided for in the document creating the charge.


See also