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domestic market borrowing

Former userFormer user5y ago

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John MoffatJohn MoffatTutor5y ago#1
It is not referring to current assets. A fixed charge means that the loan is secured on specific assets - so the lender takes them if the company collapses. A floating charge means that the loan is secured on assets in general - so the lender shares any proceeds from them with any others lenders who are secured in the same way.
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