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1) '...a floating charge is ambulatory and shifting in nature, hovering over and so to speak floating with the property which it is intended to
1) '...a floating charge is ambulatory and shifting in nature, hovering over and so to speak floating with the property which it is intended to affect until some event occurs or some act is done which causes it to settle and fasten on the subject of the charge within its reach and grasp." Per Lord Macnaghten in Illingworth v Houldsworth [1904] AC 355
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