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Financial Terms | |
Floating Charge |
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Definition of Floating ChargeFloating Chargecharge or assignment on a company's total assets as security for a loan on total assets without specifying specific assets.
Related Terms:charge-back systema system using transfer prices; see transfer Contingent deferred sales charge (CDSC)The formal name for the load of a back-end load fund. Fixed-charge coverage ratioA measure of a firm's ability to meet its fixed-charge obligations: the ratio of Fixed Charge Coverage RatioA measure of how well a company is able to meet its fixed Floating exchange rateA country's decision to allow its currency value to freely change. The currency is not Floating Exchange RateSee flexible exchange rate. Floating Interest RateA rate that fluctuates with general market condition. ![]() Floating lienGeneral lien against a company's assets or against a particular class of assets. Floating-rate contractA guaranteed investment contract where the credit rating is tied to some variable Floating-rate note (FRN)Note whose interest payment varies with short-term interest rates. Floating-rate payerIn an interest rate swap, the counterparty who pays a rate based on a reference rate, Floating-rate preferredPreferred stock paying dividends that vary with short-term interest rates. floating-rate securitySecurity paying dividends or interest that vary with short-term interest rates. Floating supplyThe amount of securities believed to be available for immediate purchase, that is, in the Inverse floating rate noteA variable rate security whose coupon rate increases as a benchmark interest rate declines. Noncash chargeA cost, such as depreciation, depletion, and amortization, that does not involve any cash outflow. ![]() Redemption chargeThe commission charged by a mutual fund when redeeming shares. For example, a 2% Restructuring ChargeA special, nonrecurring charge taken in conjunction with a consolidation Restructuring ChargesCosts associated with restructuring activities, including the consolidation and/or relocation of operations or the disposition or abandonment of operations or productive assets. Sales chargeThe fee charged by a mutual fund when purchasing shares, usually payable as a commission to Special ChargesNonrecurring losses or expenses resulting from transactions or events which, Surrender ChargeExpense charges applied when the owner of a policy surrenders a policy for its cash value. Convertible DebentureAre debt instruments that are convertible into common or preferred shares, take secondary or no security against assets, have flexible terms of repayment and charge fixed or floating interest rates. Senior DebtAre debt instruments that provide financing, take primary security against either specific or all assets of the borrower, have fixed terms of repayment and charge fixed or floating interest rates. Subordinated DebtDebt instruments that provide financing for acquisitions, expansion and restructuring, take secondary security against assets, have fixed or flexible terms of repayment and charge fixed or floating interest rates. Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit. |