floating debt

noun

1. short-term government borrowing, esp by the issue of three-month Treasury bills

Example Sentences

Financing bonds is akin to a mortgage, and floating debt is part of normal business transactions while it’s inexpensive to do so, he said.

From Washington Times

It is the policy of the Kidston Government, however, not to alienate lands under the Special Sales Act; therefore the deficits of former years which had been liquidated with the proceeds of Treasury bills, and practically formed a floating debt, are being gradually compensated for by the transfer of annual surpluses to the Public Debt Reduction Fund, the total amount of stock thus cancelled having on 30th June, 1908, reached the respectable amount of �942,641 since the inception of the fund.

From Project Gutenberg

The South Sea Company was originated by Harley, Earl of Oxford, in 1711, with the distinct view of “providing for the discharge of the army and navy debentures, and other parts of the floating debt, amounting to nearly ten million sterling.”

From Project Gutenberg

How much their floating debt amounts to we cannot tell.

From Project Gutenberg

On May 16, 1857, a special finance committee, consisting of Messrs. Phelps, Cooper and Goulding, was appointed with power to carry along the company’s growing floating debt, and in October of that selfsame year the President joined with them in their appeals to the creditors to have a little more patience.

From Project Gutenberg