TeachMeFinance.com - explain Floating debt
Floating debt -- Unfunded indebtedness ; indebtedness not
represented by securities. Specifically, floating debt consists
of (i) money directly borrowed; (2) money owed for miscellaneous
purposes ; (3) money payable in a short time.
Floating debt is the English name for the British government's
temporary liabilities in the form of Treasury bills, etc.,
as distinguished from the funded debt ; see Funded debt.
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