From Longman Business Dictionaryfloating chargeˈfloating ˌcharge [countable]FINANCE the right of people who are owed money by a company to receive money from all the company’s assets if the debt is not paid on timeTypically, when lending money to a company, a bank will take as security a charge over all or most of the assets of the company, the charge being a fixed charge on land and certain other assets, and a floating charge over the remaining assets. → charge
