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

question 7

Multiple Choice

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

• A)fixed, identified property.
• B)property covered by personal guarantees.
• C)a class of assets (or sometimes all) of the company.
• D)fixtures only.

---

Definitions:

Osteons

Structural units found in compact bone, consisting of a central canal surrounded by concentric rings of calcified matrix.

Circumferential

Pertaining to or forming a circle or a circumference.

Concentric

A type of muscle contraction where the muscle shortens while generating force, commonly occurring during the lifting phase of an exercise.

Interstitial

Pertaining to spaces within tissues or organs, outside of the blood vessels and cells.