| gen. |
pledge over goods in circulation (Lavrov); floating pledge (A pledge of assets in general, not specific to a particular asset, and subject to their existence from time to time  leaseforce.com Alexander Demidov); floating lien (a lien created in a security agreement against property owned by the debtor at the time of the agreement's creation as well as property acquired after the agreement's creation. Merriam-Webster's Dictionary of Law ©2001. A comparison of the English floating charge with the American floating lien in revolving assets illustrates the point. Optimizing English and American security interests by LoPucki, Lynn M.; Abraham, Arvin I.; Delahaye, Bernd P. / Notre Dame Law Review. TFD. A general lien against a set of assets, such as inventory or accounts receivable, in which the assets aren't specifically identified. Read more: investorwords.com Alexander Demidov); floating charge on stock (A charge on a company's assets may be categorised as "fixed" (a mortgage on a freehold property) or as a "floating" charge (on stock). For the purposes of subsection (1) and of any enactment repealed by this Act, a floating charge on stock created by a body corporate shall not be, and shall ... Alexander Demidov); floating charge over stock (Take a secured creditor who has a fixed charge over book debts and a floating charge over stock. Alexander Demidov); floating charge over inventory (A lender's claim on the borrower's general inventory as collateral. | ... in effect gives the lender what currently will be achieved by taking a combination of a fixed charge over capital equipment and a floating charge over inventory. Alexander Demidov) |
