A floating charge is a type of security under which all the assets of the business, apart from the ones which are subject to a mortgage or fixed charge, are used as security for the business loan.
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The five types of charges that can be applied to a battery are:
initial charge, normal charge, equalizing charge, floating charge,
and fast charge.
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A floating chargeis a kind of security to which all of the assets (or perhaps a particular type of assets) from the business, apart from individuals that are susceptible to a mortgage or fixed charge, are utilized as to safeguard the borrowed funds.