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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Dividend To arraign Discount received
Volume discount Grant of probate Constraints Restrictions
Abatement Fixed Cost Password
Progress payments Visible Trade Preferred stock
Cost per Action Net Pay Financial Auxiliaries
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TANGO Loan Packaging AGM
WERS Franchise Carriage cost
Ad Hoc Shelf life Executor
Company Secretary Risk Reversal Risk
Voting right Shares Peel the onion
Windfall Profit Specified Supplies Banana Problem

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

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