fixed and floating charge definition

fixed and floating charge

Charge on both the fixed assets (land, buildings, machinery) and the floating assets (inventory, cash, accounts receivable) of a borrower. It freezes ('crystallizes' on) all assets of the borrower at the time a default occurs.

fixed and floating charge is in the Banking, Commerce & Finance and Corporate, Commercial, & General Law subjects.

fixed and floating charge appears in the definitions of the following terms: fixed and floating lien and fixed and floating debenture

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