Part 2Floating charges

Registration and creation etc.

47Interpretation

In this Part—

F1central institution ” means—

(a)

the Bank of England,

(b)

the central bank of a country or territory outside the United Kingdom, or

(c)

the European Central Bank;

company” means an incorporated company (whether or not a company F2as defined in section 1(1) of the Companies Act 2006);

fixed security”, in relation to any property of a company, means any security (other than a floating charge or a charge having the character of a floating charge) which on the winding up of the company in Scotland would be treated as an effective security over that property including, in particular, a heritable security (within the meaning of section 9(8) of the Conveyancing and Feudal Reform (Scotland) Act 1970 (c. 35)).