Floating Security

Floating Security

1. See: Floater.

2. A security that a broker buys in his/her own name on behalf of a client. The floating security is held in the broker's name to make it easier to sell quickly if need be. See also: Beneficial ownership, Safekeep.
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Security checks and cement protection barriers to prevent truck attacks were the most visible aspects of the anti-terrorist effort, which also involved floating security devices, plainclothes policemen with body cameras and sharpshooters on rooftops, according to local media.
The Term Loan and the Company's obligations in respect of the Royalty will be principally secured by fixed and floating security interests over all present and after acquired assets of the Company and its subsidiaries.
The permanent floating security stations will operate round-the-clock, monitoring movement at sea and conducting sea patrols.
Keep in mind that the concierge or floating security staff will generally need to maintain a view of the turnstiles, though sometimes observation with security cameras will suffice.
Three were caught swimming near a floating security boom next to the home of the Trident submarine fleet.
And the consignor must do more to obtain a priority interest in the consigned goods over the rights of the consignee's secured creditor with a prior floating security interest in the consignee's inventory.
On one hand, there are people with illegal desires roaming the earth, some of them are on boats, and the idea of a floating security force is a safety net for a lot of people.
9 million design-build agreement includes the design, fabrication and delivery of 10,000 feet of floating security barriers.
There is already a floating security fence on Hood Canal and a double security fence on land.
The permanent floating security stations will operate round-the-clock, using highly sensitive radar with night vision and other detection devices to monitor movement at sea and conducting sea patrols.
Chase also asserted a prior right to the goods as a result of Chase's floating security interest in all of Trico's inventory.
Globo Cabo has decided to extend its existing waiver solicitation as a result of a new, separate waiver solicitation it has commenced in Brazil, which seeks termination of floating security interests from holders of certain locally issued Reais-denominated debentures.