crystallisation
C1CEFR level
80/100Rarity: very rare
TechnicalRegister
Law noun
The process by which a floating charge converts into a fixed charge over the assets then within its scope, typically on default or insolvency.
Crystallisation of the floating charge fixed the security on the debtor's remaining stock.
Business noun
The realisation of a previously unrealised gain, loss, or liability.
A change of control triggered the crystallisation of the deferred tax liability.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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