floating charge Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “floating charge” in the English Dictionary

"floating charge" in Business English

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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.
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(Definition of floating charge from the Cambridge Business English Dictionary © Cambridge University Press)
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