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Publication

Fixed and floating security

01/06/2011
Whether a mortgage or charge is fixed or floating may be of considerable importance to a lender. This short briefing paper explains the distinction.

Whether a mortgage or charge is fixed or floating may be of considerable importance to a lender. This short briefing paper explains the distinction. It refers to the person granting the security as "borrower" and the person taking it as "lender", and to the security as being a "charge".

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