(Solved): What is the difference between a "fixed" charge and a "floating" charge? a. A floating charge do ...

What is the difference between a "fixed" charge and a "floating" charge?

a. A floating charge does not identify specific assets until a default occurs and payment is demanded by the lender.

b. Only fixed charges can be registered under the PPSA in Alberta.

c. A fixed charge is only used by automobile dealers for protecting their new vehicle inventory, whereas a floating charge is used more broadly for other types of security inferests in Alberta.

d. A fixed charge does not identify specific assets unti defoit occurs and payment is demanded by the lender.

e. Those terms are synonyms, representing two different names for the same thing.