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. . 2010.

Look at other dictionaries:

  • qualifying floating charge — A floating charge created by an instrument which: • States that paragraph 14 of Schedule B1 to the Insolvency Act 1986, applies to it; • Purports to empower the holder of the floating charge to appoint an administrator of the company; or •… …   Law dictionary

  • Qualifying floating charge — In English law, a qualifying floating charge is a floating charge which enables the holder to appoint an administrator or administrative receiver under the Insolvency Act 1986 without the need for an order of the court. The change was introduced… …   Wikipedia

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