18 Nature and form of fixed charges

18 Nature and form of fixed charges

Fixed charges can be taken by a debenture holder over land. Fixed charges can be also taken over chattels (such as a company’s plant machinery and equipment) and over choses in action (such as stocks, shares and securities, uncalled capital, goodwill and intellectual property, book debts and insurance policies and their proceeds). The primary advantage to the debenture holder of the fixed charge is the certainty it provides in that the proceeds of any disposal must be applied towards the outstanding debt unless the debenture holder agrees otherwise1. This does, though,

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