::Glossary (F)::

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Fixed Assets Tangible and intangible assets with a relatively long life, acquired to produce goods or services and not intended for resale.

Fixed Charge A form of security granted over specific assets, preventing the debtor dealing without the consent of the secured creditor. The creditor can usually appoint a receiver to realise those assets in the event of default over which the charge is levied.

Floating Charge A form of security granted to a creditor over the general assets of a company which may change from time to time in the normal course of business. If default occurs the secured creditor can appoint an administrative receiver.

Fraudulent Trading Carrying on business with the intention of defrauding creditors.