What is a Floating Lien by Crizlap

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									Floating lien




A floating lien is a legal claim that applies to a group of assets, rather than a specific asset. Floating liens are used
when the composition of the collateral is expected to change through the course of regular activities. An example
would be a lien against a company's accounts receivable, which change daily as customers are invoiced and
payments are received.




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