The Basics on Securities: What are Charges and what do they
do?
We published a newsletter regarding The Basics on Securities in
Malaysia.
1.Introduction
When proceeding in a business venture, ensuring a streamline of
finances is vital to any such venture. There are times whereby
obtaining such finances poses a challenge to such a business, to
which there are various ways in responding to such challenges.
Obtaining a debt is being one of them. In the local regime,
charging of a property is a common way in providing security
towards such debt. With that in mind, we shall attempt to provide
an overview on what a charge is, the two types of charges that are
commonly used (ie: fixed charge and floating charge), and certain
practical points.