浮动抵押起源于英国,在英国已有一个多世纪的历史,但在我国的应用不过始于十几年之前,而且并未进行过十分深入的研究。虽有一些教科书和几篇论文述及浮动抵押,但均止于一般的介绍和论述,此距洞悉英美法系制度中这一杰出产物的全貌仍为期甚远。本文试图阐明浮动抵押的受偿顺序,旨在抛砖引玉,提出一些初浅的不成熟的看法,以期求教于师长同仁! Floating mortgage originated in the United Kingdom, Britain has more than a century of history, but its application in our country only started more than ten years ago, and has not been studied very thoroughly. Although some textbooks and several papers deal with floating mortgages, they all end in a general introduction and discourse that is still far behind in understanding the full picture of this outstanding product in the Anglo-American legal system. This article attempts to clarify the order of compensation for floating mortgages, aiming to start a discussion on some issues and provide some preliminary and immature opinions in the hope of seeking advice from teachers and colleagues!