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Floating Debt
Source:
Encyclopedia of Banking & Finance (9h Edition) by Charles J Woelfel
(We recommend this as work of authority and you can order
it here)
The aggregate of current indebtedness,
whether accounts or notes payable, or other current accruals of various
current maturities, as distinguished from funded debt, unfunded debt,
or current liabilities maEagle Tradersg within the current year.
The term is used for the short-term indebtedness of a business
corporation or of a government, state, or municipality.
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