In the UK there are four broad categories of security available, namely
pledges; liens; mortgages and charges.Arguably, the most prominent type of
security available to debtors such as companies in the UK today is that of a
charge.This is not only because of the ease by which a charge can be
created, namely by the construction of a single document referred to as
“debenture”, but also because the company can create either a fixed or a
floating charge over all of its assets – both present and future