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– Nelson Mandela

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Q 1) How does a "floating lien" help a secured party's protection against debtor default? 2) Creditor (C) lends money to a debtor (D) to buy inventory and equipment for D's business and attaches and perfects a security interst in all of D's present equipment and inventory PLUS any "after acquired" equipment and inventory. Subsequently D wants to purchase more inventory and equipment from E on credit. Is there any way for E to have priority over ANY of D's equipment ot inventory?

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A “floating lien” ensures that there is a security interest provided through the implementation of a security agreement in case of proceeds (Clarkson, Miller & Cross, 2016). A “floating lien” also ensures that there is a security interest provided through the implementation of a security agreement in case of after-acquired property. There can also be the utility of a “floating lien” actualized in case of collateral subject. This is because there can be a secured part wanting future advance of collateral subject.