a specific charge on a particular asset of the company whereas floating charge is on a class of assets of the company
A charge held over specific assets. A debtor cannot sell the assets without the consent of the secured creditor or repaying the amount secured by the charge.
Mortgage on a specific asset, usually land and buildings. See Mortgage.
Aregistered lien on specific assets.
Where specific assets, named in the debenture, are charged to a creditor (often a bank) thus preventing the company from realising or dealing with the assets without the consent of the secured creditor.
a charge held over specific assets (typically a mortgage in respect of property) which prevents a debtor from selling or otherwise dealing with the charged property without payment in settlement of the debt due to the chargeholder
The charge calculated in rate design to recover all or a portion of the fixed costs of a utility plant, including the generation facility and transmission lines, meters and some taxes.
A charge held over a specific asset. The asset cannot be sold without the consent of the secured creditor prior to repaying the amount secured by the charge.
A fixed charge is a form of security granted over specific assets, preventing the debtor dealing with those assets without the consent of the secured creditor. It gives the secured creditor a first claim on the proceeds of sale, and the creditor can usually appoint a receiver to realise the assets in the event of default.
A monthly of quarterly charge levied by the supplier and is in addition to the standing charge.
A charge held over specific assets. The company will not be able to dispose of such assets without specific consent of the chargeholder. An example of this would be a charge over land and buildings, whereby they cannot be sold without the chargeholder?s consent.
a charge given as security for the fulfilment of a financial obligation, which is a charge on a special identifiable item of property, giving the chargee the right to utilise that particular item of property if the obligation is not fulfilled.
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 fixed charge is appropriate to permanent assets which are to be retained by the company and are unlikely to be regularly traded, such as property, fixed plant, intellectual property rights, etc. Assets continue to be subject to a fixed charge until released even when sold or otherwise disposed of - the security interest remains on the title of the asset.
A registered lien on specific assets.
