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.

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Definitions:

Modifying Behavior

The process of changing or adapting one's actions or reactions to achieve a specific outcome.

Operant Conditioning

Modifying behavior through the use of positive or negative consequences following specific behaviors.

Pavlovian Conditioning

A form of learning in which a neutral stimulus comes to elicit a response after being paired with a stimulus that naturally brings about that response, named after Ivan Pavlov.

Classical Conditioning

A learning process that occurs when two stimuli are repeatedly paired; a response that is at first elicited by the second stimulus is eventually elicited by the first stimulus alone.