D defs.my
Entry 1 sense Webster, 1913

Floating charge

· IPA
01 A charge, lien, etc., that successively attaches to such assets as a person may have from time to time, leaving him more or less free to di…
  1. 1.
    A charge, lien, etc., that successively attaches to such assets as a person may have from time to time, leaving him more or less free to dispose of or encumber them as if no such charge or lien existed.(Law)