What is floating charges?
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________FLOATING CHARGES_______
A liability to a creditor which relates to the company's assets as a whole and may become fixed in particular circumstances (such as liquidation).
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A floating charge is a security interest over a fund of changing assets (e.g. stocks) of a company or other legal person. Unlike a fixed charge, which is created over ascertained and definite property, a floating charge is created over property of an ambulatory and shifting nature.
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