What is the meaning of Floating debt?

Short-term debt that is renewed and refinanced constantly to fund capital needs of a firm or institution.

Barry Goldsmith
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APABarry Goldsmith. (2010). floating debt. Retrieved September 20, 2026, from http://smartdefine.org/floating_debt/definitions/1154241
ChicagoBarry Goldsmith. 2010. "floating debt" http://smartdefine.org/floating_debt/definitions/1154241 (accessed September 20, 2026).
HarvardBarry Goldsmith 2010, floating debt, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/floating_debt/definitions/1154241>.
MLABarry Goldsmith. "floating debt" 21 October 2010. Web. 20 September 2026. <http://smartdefine.org/floating_debt/definitions/1154241>