Floating debt

Definitions

  • Chambers's Twentieth Century Dictionary
    • Floating debt miscellaneous public debt, like exchequer and treasury bills, as opposed to Funded debt, that which has been converted into perpetual annuities like consols in Britain
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Etymology

Chambers's Twentieth Century Dictionary
O. Fr. dette—L. debitum, debēre, to owe.

Usage

In literature:

Floating debt 3,700 francs.
"Honoré de Balzac" by Albert Keim and Louis Lumet
On the 30th of September, 1815, the funded and floating debt of the United States was estimated at $119,635,558.
"A Compilation of the Messages and Papers of the Presidents" by James D. Richardson
The Oregon Transcontinental has raised $3,000,000 in Boston with which to lift its floating debt.
"The Prairie Farmer, Vol. 56, No. 2, January 12, 1884" by Various
Yet the Government entered on its second year without a floating debt and with its credit unimpaired.
"The Rise and Fall of the Confederate Government, Vol. 1 (of 2)" by Jefferson Davis
He probably is considerably in debt, but floats himself from all danger of sinking by speculation or the like.
"Lippincott's Magazine, Vol. 22, November, 1878" by Various
The floating debt was soon wiped out.
"The Life of Napoleon Bonaparte" by William Milligan Sloane
The rest was credited to: loans L31,713,000, floating debt L18,243,000.
"Encyclopaedia Britannica, 11th Edition, Volume 9, Slice 1" by Various
In 1892 the government was compelled to make large additions to the internal floating debt, and to borrow 16,500,000 fr.
"Encyclopaedia Britannica, 11th Edition, Volume 12, Slice 4" by Various
How much their floating debt amounts to we cannot tell.
"Monopolies and the People" by D. C. Cloud
The floating debt at that time amounted to Lm.
"The Accumulation of Capital" by Rosa Luxemburg
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In news:

To prevent this, the Obama administration has embraced a plan once floated by Mitch McConnell that will replace actual debt-ceiling threats with symbolic grandstanding.
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