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Loan Capital - Coggle Diagram

- - - - Not secured by a charge over company property
      - Holder is unsecured creditor
    - - The asset / property of the company is charged
      - Holder is secured creditor
- - - - Attaches to a specified, identifiable property of a company
      - Holder may force the sale of property to secure debt payment
      - Has priority over other creditor
    - - Not a specific charge attached on company assets
      - Can be created against all the property, whether present / future
      - May change from time to time
      - Case :
        Re Yorkshire Woolcombers Associaton (1930)