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.
www.practicallaw.com.
2010.
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