FMA and Floating charge: Difference between pages

From ACT Wiki
(Difference between pages)
Jump to navigationJump to search
imported>Doug Williamson
(Layout.)
 
imported>Administrator
(CSV import)
 
Line 1: Line 1:
Financial Markets Association.
''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 ==
== See also ==
* [[Financial Markets Association]]
* [[Charge]]
* [[Debenture]]
* [[Fixed charge]]
* [[Floating charge debenture]]
* [[Security]]
 

Revision as of 14:19, 23 October 2012

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