FLOATING CHARGE; FLOATING LIEN n.
A charge, lien, etc., that successively attaches to such assets as a person may have from time to time, leaving him more or less free to dispose of or encumber them as if no such charge or lien existed.
AMBERGRIS n.
A substance of the consistence of wax, found floating in the Indian Ocean and other parts of the tropics, and also as a morbid secretion in the intestines of the sperm whale (Physeter macrocephalus), which is believed to be in all cases its true origin. In color it is white, ash-gray, yellow, or black, and often varieg…
BALL n.
-- Ball cock, a faucet or valve which is opened or closed by the fall or rise of a ball floating in water at the end of a lever. -- Ball gudgeon, a pivot of a spherical form, which permits lateral deflection of the arbor or shaft, while retaining the pivot in its socket. Knight. -- Ball lever, the lever used in a b…