lightweight floating charge

lightweight floating charge
A floating charge which is not aimed at providing any collateral security interest but is instead aimed at providing the lender with the right to receive notice of the commencement of insolvency proceedings and the right to dictate the identity of the insolvency practitioner.
Related links

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Игры ⚽ Нужна курсовая?

Look at other dictionaries:

  • floating charge — A mortgage, debenture or other security documentation, is likely to create charges over particular assets as security for borrowings or other indebtedness. There are essentially two types of charge, floating and fixed. A floating charge is… …   Law dictionary

  • Floating charge — A floating charge is a security interest over a fund of changing assets of a company or a limited liability partnership (LLP), which floats or hovers until conversion into a fixed charge, at which point the charge attaches to specific assets. The …   Wikipedia

  • insolvency practitioner — An individual authorised under the Insolvency Act 1986 to act in insolvency matters, appointed either by a recognised professional body or relevant authority. Easyform Glossary of Law Terms. UK law terms. insolvency practitioner …   Law dictionary

  • Russian submarine Kursk explosion — On August 12, 2000, the Russian Oscar II class submarine, Kursk sank in the Barents Sea. The generally accepted theory is that a leak of hydrogen peroxide in the forward torpedo room led to the detonation of a torpedo warhead, which in turn… …   Wikipedia

  • Business and Industry Review — ▪ 1999 Introduction Overview        Annual Average Rates of Growth of Manufacturing Output, 1980 97, Table Pattern of Output, 1994 97, Table Index Numbers of Production, Employment, and Productivity in Manufacturing Industries, Table (For Annual… …   Universalium

  • Torpedo — The modern torpedo (historically called an automotive, automobile, locomotive, or fish torpedo) is a self propelled explosive projectile weapon, launched above or below the water surface, propelled underwater toward a target, and designed to… …   Wikipedia

  • Glossary of military abbreviations — List of terms, acronyms, information, related to modern armour, artillery, infantry, weapons, and related military subject matter.* AA anti aircraft * AAA anti aircraft artillery Triple A * AAAV Advanced Amphibious Assault Vehicle * AAD Armoured… …   Wikipedia

  • Glossary of nautical terms — This is a glossary of nautical terms; some remain current, many date from the 17th 19th century. See also Wiktionary s nautical terms, Category:Nautical terms, and Nautical metaphors in English. Contents: A B C D E F G H I J K L M N O P Q R …   Wikipedia

  • Abkürzungen/Computer — Dies ist eine Liste technischer Abkürzungen, die im IT Bereich verwendet werden. A [nach oben] AA Antialiasing AAA authentication, authorization and accounting, siehe Triple A System AAC Advanced Audio Coding AACS …   Deutsch Wikipedia

  • Liste der Abkürzungen (Computer) — Dies ist eine Liste technischer Abkürzungen, die im IT Bereich verwendet werden. A [nach oben] AA Antialiasing AAA authentication, authorization and accounting, siehe Triple A System AAC Advanced Audio Coding AACS …   Deutsch Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”