Floating Charge Meaning Legal Context & Example Legal Terms Simplified @LawMint
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Floating Charge Meaning Legal Context & Example Legal Terms Simplified @LawMint
Floating Charge Floating Charge is a security interest or lien that 'floats' or hovers over a class of assets, rather than attaching to specific items. Legally, a floating charge is a type of security interest, most commonly granted by a company to a lender, over assets that are constantly changing (like inventory or accounts receivable ...
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