- This topic has 2 replies, 2 voices, and was last updated 3 years ago by
.
Viewing 3 posts - 1 through 3 (of 3 total)
- Posts
Can a floating charge (of a loan’s security) be bank account of business?
A charge gives lenders security because they can take and sell the assets to reimburse themselves if the borrower defaults.
Fixed charges ‘attach’ to specific assets. Floating charges attach to whatever assets are there at the time of default.
Viewing 3 posts - 1 through 3 (of 3 total)
- The topic ‘Floating charge’ is closed to new replies.