crystallization

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See: congealment

crystallization

the fixing of a floating charge on assets. Where money borrowed by a company is secured by a floating charge over the company's assets and undertaking, the company may continue trading and dispose of any assets in the course of that business. If the company defaults on its obligations under the terms of the loan agreement, the charge will crystallize, that is, immediately attach to the assets owned by the company at that time. Crystallization is therefore the process by which a floating charge becomes fixed on to particular assets.
References in periodicals archive ?
The total kinetics of the crystalization process was not enhanced by flow, at least under the conditions studied here.
The confrontation between Abelard and Bernard became the crystalization point that brought all these tensions to the fore.
Comments: Advanced cocoa butter with improved crystalization and temperature stability, allowing a high content of cocoa butter in formulations.
Macs credits the crystalization of this style to Balakirev, specifically his Second Overture on Russian Themes (1864), in which the composer demonstrated how characteristic harmonic elements of folk song (which he himself collected) could be successfully wedded to the larger structural dimensions of the German symphonic tradition.