floating charge Meaning in the Cambridge English Dictionary

Meaning of “floating charge” in the English Dictionary

"floating charge" in Business English

See all translations

floating chargenoun [C]

uk   us   FINANCE, LAW
an ​arrangement in which a ​person or ​organization that ​lendsmoney to a ​company has the ​right to take ​control of the company's ​assets if the ​debt is not ​paid: Floating ​charges are intended to ​providesecurity for ​lenders and ​allowcompanies to continue to ​trade freely.
(Definition of floating charge from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of floating charge?
Add Cambridge dictionaries to your browser to your website

“floating charge” in Business English

Word of the Day


someone who tries to help two groups who disagree to reach an agreement with each other, usually as a job

Word of the Day

Tree huggers and climate change deniers
Tree huggers and climate change deniers
by Colin McIntosh,
October 08, 2015
The climate debate is one that has predictably generated a large amount of new vocabulary, some of it originally specialized scientific terminology that has been taken up by the media and is now common currency. Some of these terms are new additions to the Cambridge English Dictionary. The two opposing sides in

Read More 

climate justice noun
climate justice noun
October 12, 2015
the holding to account of those responsible for climate change and reparation for those most affected by it I just finished reading the pope’s message to the world on climate justice.I feel energized and have joined a group of people at my church, St. Joseph University Parish, who feel the same.

Read More