Floating charges allow the debtor to dispose of, replace, and add to assets.

Name: Floating charges allow the debtor to dispose of, replace, and add to assets.
Brand: Quizplus
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Quizplus · Accepted Answer

Floating charges are a type of security for a loan where the debtor can continue to dispose of, replace and add to assets until the time the charge "floats" or becomes fixed, usually upon an event of default. This means that the debtor can continue to conduct their business as usual, allowing them to use and sell assets as needed.

Floating Charges Allow the Debtor to Dispose Of, Replace, and Add