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Qualifying floating charge holder
Practical Law UK Glossary 5-202-3139 (Approx. 4 pages)
Glossary
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.
- 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.