qualifying floating charge holder
- qualifying floating charge holder
-
A person who, in respect of a company's property, holds one or more debentures of the company secured by:
• A number of qualifying floating charges which together relate to the whole or substantially the whole of the company's property; or
• Charges and other forms of security which together relate to the whole or substantially the whole of the company's property and at least one of which is a qualifying floating charge.
Practical Law Dictionary. Glossary of UK, US and international legal terms.
www.practicallaw.com.
2010.
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