On the issue of classifying the Charge as a fixed charge or a floating charge, the CFI referred to the well-established two-stage process, arising from Agnew v Commissioner of Inland Revenue [2001 ...

Floating charges allow creditors to take security over present and future fluctuating assets. Crystallization converts a floating charge into a fixed charge (but does not change its priority).

Today, it would seem that the question of “fixed vs. floating” has been definitively settled in favor of “floating.” This is not true. Most of the countries in the world use a fixed system.

In two recent decisions, the Hight Court considered the question of whether security granted by a company over certain assets amounted to a fixed charge or a floating charge. In Avanti Communications, ...

A fixed rate bond returns a specific coupon each payment period. In contrast, the coupon on a floating rate bond is variable and is usually determined according to established parameters.