Question: What is a floating charge? Question 3 2 options: A pledge of a certain class of collateral, pursuant to which a debtor is permitted to

What is a floating charge?
Question 32 options:
A pledge of a certain class of collateral, pursuant to which a debtor is permitted to dispose of items in that class
A pledge of an unspecified class of collateral, pursuant to which a debtor is permitted to dispose of items from any class
A pledge of a certain class of collateral, pursuant to which a lender retains specific items until the debt is repaid
A pledge of an unspecified class of collateral, pursuant to which a lender retains items of its choosing until the debt is repaid

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