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Website. virginmoneyukplc .com. Virgin Money UK plc, previously known as CYBG plc, is a holding company that owns Clydesdale Bank plc, which in turn trades as Clydesdale Bank, Yorkshire Bank and Virgin Money in the United Kingdom. It was formed as CYBG plc by National Australia Bank (NAB) in February 2016, in advance of the divestment of its UK ...
Re New Bullas Trading Ltd. Re New Bullas Trading Ltd [1994] 1 BCLC 485 is a UK insolvency law case, concerning the definition of a floating charge. It held, somewhat controversially, that it was possible to separate a book debt from its proceeds, and that it was possible to create a fixed charge over the book debt but only a floating charge ...
In the 1970s and 1980s high inflation and high interest rates encouraged large companies to draw funds from remote banks to benefit from "transportation float" which was called "remote disbursement". In 1973, the daily float average was $2.7 billion, and between 1975 and 1979, float more than tripled to a daily average of $6.6 billion.
Website. uk .virginmoney .com. Virgin Money is a banking and financial services brand operating in the United Kingdom as a trading name of Clydesdale Bank plc . The Virgin Money brand was founded by Richard Branson in March 1995. It was originally known as Virgin Direct, and pioneered index tracking by launching a value personal equity plan ...
Floating rate loan. In business and finance, a floating rate loan (or a variable or adjustable rate loan) refers to a loan with a floating interest rate. The total rate paid by the customer varies, or "floats", in relation to some base rate. The term of the loan may be substantially longer than the basis from which the floating rate loan is ...
Insolvency. In finance, a floating charge is a security interest over a fund of changing assets of a company or other legal person. Unlike a fixed charge, which is created over ascertained and definite property, a floating charge is created over property of an ambulatory and shifting nature, such as receivables and stock .
In macroeconomics and economic policy, a floating exchange rate (also known as a fluctuating or flexible exchange rate) is a type of exchange rate regime in which a currency 's value is allowed to fluctuate in response to foreign exchange market events. [1] A currency that uses a floating exchange rate is known as a floating currency, in ...
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