One of the mysteries of the English language finally explained.
A debt which is repayable in the short term.Compare with funded debt
- ‘The worst US government budget deficits took place in the early 1990s, when 20 percent of the budget was taken care of by floating debt.’
- ‘The advantage of floating debt is that there is a chance to benefit from reductions in interest rates.’
- ‘Should there be a series of budget deficits, the floating debt will, unless it is funded, speedily accumulate to a formidable amount’
- ‘His Missouri Pacific Railroad effectively controlled the Texas & Pacific by means of an operating contract and the provision of floating debt.’
floating debt/ˈflōdiNG det/
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