- qualifying floating charge holder
A person who, in respect of a company's property, holds one or more debentures of the company secured by:• A qualifying floating charge which relates to the whole or substantially the whole of the company's property;• A number of qualifying floating charges which together relate to the whole or substantially the whole of the company's property; or• Charges and other forms of security which together relate to the whole or substantially the whole of the company's property and at least one of which is a qualifying floating charge.
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
Look at other dictionaries:
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