A 'floating charge' is security for a loan to a company that takes the form of a charge over:

Question

Quizplus · Accepted Answer

A floating charge is a type of security for a loan that does not attach to specific assets of the company, but rather to a class of assets or all assets of the company. This allows the company to continue to use and dispose of these assets in the ordinary course of business, which is important for its ongoing operations. Therefore, option C is the correct choice. Options A, B, and D do not accurately describe the nature of a floating charge.

A 'Floating Charge' Is Security for a Loan to a Company