Definition of floating debt in English:

floating debt

Line breaks: float|ing debt


  • A debt which is repayable in the short term. Compare with funded debt.
    More example sentences
    • His Missouri Pacific Railroad effectively controlled the Texas & Pacific by means of an operating contract and the provision of floating 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.

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Word of the day skosh
Pronunciation: skōSH
a small amount; a little