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floating charge

   Also found in: Dictionary/thesaurus, Wikipedia 0.01 sec.
floating charge [¦flōd·iŋ ′chärj]
(electricity)
Application of a constant voltage to a storage battery, sufficient to maintain an approximately constant state of charge while the battery is idle or on light duty.


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1m are secured by a fixed and floating charge over the company's assets.
At a creditors' meeting shortly afterwards, Middlesbrough Council, the building's owners, waived its rights to a floating charge on the centre of pounds 93,469.
The report by interim liquidators KPMG says: "Nine days after completion of this sale, the directors requested the floating charge holder Baltic Property Finance PLC to appoint a receiver" But the directors who remained at Rock Developments claimed that the firm will receive pounds 3,600,000 as a result of legal action it had launched against the company's surveyors.
 
 
 
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