Question :
A charge created on definite assets of a permanent nature, such as land, building, machinery, etc., is known as-------------
Option 1: Fixed charge
Option 2: Floating Charge
Option 3: Interest
Option 4: Fixed assets

Question

Question :

A charge created on definite assets of a permanent nature, such as land, building, machinery, etc., is known as-------------

Option 1: Fixed charge

Option 2: Floating Charge

Option 3: Interest

Option 4: Fixed assets

Team Careers360 · Accepted Answer

Correct Answer: Fixed charge

Solution : Answer = Fixed charge

A charge created on specific assets of a permanent nature, like land, buildings, or machinery, is termed a "fixed charge." It provides lenders with a secure claim over those assets in case of default. This ensures that the specified assets are used to repay debts before other claims are settled.
Hence, the correct option is 1.

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Question : A charge created on definite assets of a permanent nature, such as land, building, machinery, etc., is known as-------------Option 1: Fixed charge Option 2: Floating ChargeOption 3: Interest Option 4: Fixed assets

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Question :
A charge created on definite assets of a permanent nature, such as land, building, machinery, etc., is known as-------------
Option 1: Fixed charge
Option 2: Floating Charge
Option 3: Interest
Option 4: Fixed assets

Question :
When no specific asset but all assets (except those charged by way of fixed charge) are charged as security. A Floating Charge holder has a preference over an unsecured creditor for settling his claims, in the event of winding-up of the

Question :
The debentures which are secured by either a fixed charge or a floating charge on the assets of the company. A charge on the assets of the

Question :
An increase in the value of assets at the time of retirement of a partner is