floating charge

noun

mainly British an unsecured charge on the assets of an enterprise that allows such assets to be used commercially until the enterprise ceases to operate or the creditor intervenes to demand collateral

Words nearby floating charge

floater, floaters, floating, floating assets, floating cartilage, floating charge, floating cloud, the, floating debt, floating dock, floating exchange rate, floating foundation

Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012