单词 | fixed charge |
释义 | > as lemmasfixed charge Finance. Designating a charge to a creditor which is attached to specific assets; designating a debenture acknowledging such a charge. Frequently in fixed charge. Contrasted with floating adj. Additions. ΚΠ 1892 Times 19 Feb. 12/2 The debenture-holders are now asked to forego part of their floating charge over some of the Murrieta assets... Those in favour of the conversion scheme consider that they are getting a better security than that they now hold, as they will have a fixed charge on the assets. 1894 E. Manson Debentures & Debenture Stock of Trading & Other Companies iii. 43 From the moment that they enter or obtain a receiver their security attaches to the existing assets, and from being a floating one becomes fixed. 1932 Economist 7 May 1029/2 Investors have regarded a floating charge as affording much less ‘solid’ security than a fixed charge. 1991 Lawyers Weekly (Nexis) 25 Oct. The appointment [of a receiver] was made under a fixed debenture held by Starline Timber Inc. 2005 Daily Tel. 25 Apr. 33/1 By taking a ‘fixed charge’ on these assets, rather than a ‘floating charge’, banks can claim the asset ahead of the preferential creditors. < as lemmas |
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