Finance Deals & Syndicated Lending · glossary
The two main kinds of English security. A fixed charge holds named assets that the company cannot sell without the lender's consent. A floating charge covers changing assets, such as stock, which the company may trade freely, and it ranks behind preferential creditors. Chapter 13
Explained in Chapter 13, Guarantees and Security: a Primer, of Finance Deals & Syndicated Lending.
The main page for this term is Floating charge, in Security & Collateral.
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