crystallisation

crystallisation
the fixing of a floating charge on assets. Where money borrowed by a company is secured by a floating charge over the company's assets and undertaking, the company may continue trading and dispose of any assets in the course of that business. If the company defaults on its obligations under the terms of the loan agreement, the charge will crystallise, that is, immediately attach to the assets owned by the company at that time. Crystallisation is therefore the process by which a floating charge becomes fixed on to particular assets.

Collins dictionary of law. . 2001.

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  • crystallisation — British English spelling of CRYSTALLIZATION (Cf. crystallization); for spelling, see IZE (Cf. ize) …   Etymology dictionary

  • crystallisation — (Brit.) crys·tal·li·za·tion || ‚krɪstÉ™laɪ zeɪʃn n. act of crystallizing (taking form or shape of crystals), formation of crystals; forming into crystals; causing to take form or shape, causing to form into crystals (also… …   English contemporary dictionary

  • crystallisation center — kristalizacijos centras statusas T sritis chemija apibrėžtis Kristalizacijos terpėje susidariusi mikroskopinė naujos fazės dalelė, iš kurios gali išaugti kristalas. atitikmenys: angl. centre of crystallisation; crystal germ; crystallisation… …   Chemijos terminų aiškinamasis žodynas

  • crystallisation — /krɪstəlaɪˈzeɪʃən/ (say kristuhluy zayshuhn) noun 1. the act of crystallising; the process of forming crystals. 2. a crystallised body or formation. Also, crystallization …  

  • crystallisation — noun the formation of crystals • Syn: ↑crystallization, ↑crystallizing • Derivationally related forms: ↑crystallize (for: ↑crystallizing), ↑crystallise, ↑crystallize …   Useful english dictionary

  • water of crystallisation — noun water of hydration, formerly thought necessary to crystallisation, but now usually regarded as affecting crystallisation only as it forms new molecular combinations. Also, water of crystallization …  

  • centre of crystallisation — kristalizacijos centras statusas T sritis chemija apibrėžtis Kristalizacijos terpėje susidariusi mikroskopinė naujos fazės dalelė, iš kurios gali išaugti kristalas. atitikmenys: angl. centre of crystallisation; crystal germ; crystallisation… …   Chemijos terminų aiškinamasis žodynas

  • water of crystallisation — noun the water present in hydrated compounds • Syn: ↑water of crystallization, ↑water of hydration • Hypernyms: ↑water, ↑H2O …   Useful english dictionary

  • crystallisations — crystallisation (Brit.) crys·tal·li·za·tion || ‚krɪstÉ™laɪ zeɪʃn n. act of crystallizing (taking form or shape of crystals), formation of crystals; forming into crystals; causing to take form or shape, causing to form into crystals… …   English contemporary dictionary

  • Floating charge — A floating charge is a security interest over a fund of changing assets of a company or a limited liability partnership (LLP), which floats or hovers until conversion into a fixed charge, at which point the charge attaches to specific assets. The …   Wikipedia

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