Definition of Floating debt
Liabilities (exclusive of bonds) payable on demand or at an early date; e.g. accounts payable; bank loans.
That's the definition of Floating debt in Black's Law Dictionary 6th Edition. Courtesy of Cekhukum.com.
Liabilities (exclusive of bonds) payable on demand or at an early date; e.g. accounts payable; bank loans.
That's the definition of Floating debt in Black's Law Dictionary 6th Edition. Courtesy of Cekhukum.com.