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Floating Debt
Source: Encyclopedia of Banking & Finance (9h Edition) by Charles J Woelfel
(We recommend this as work of authority.)

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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