Business Terms and Jargon Explained

What is Floating Charge

This is when there is a choice of assets that a loan or debenture is secured against. E.g. A fleet of cars are used to secure a loan. In the event of default anyone of the cars can be chosen by the creditors to be sold to make the repayments.

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Cyberliabilities Re-Enlistment Bonus Lump Sum Distribution
Unfranked Receipts Input Tax Chattel
Avatar APR Snail mail
Vexatious Litigant Zar Chambers
Interpreter Fixed Rate loan Assignee
Crown Copyright Waiver Balboa Ofcom
WIP Insider lending Negative equity
Routing Beneficiary Institutional Unit
Addendum Public company or public limited company Privilege
LCP Ex parte Gross domestic product - GDP
Idem Benefits in kind Hardening - Systems
Togrog Charity Exemption Contingent Discount
UK Business Registration N121 Civil Court form Repurpose

Term created / updated 2011-06-05 11:47:48

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