Dictionary of Banking Terms: floating debt
floating debt
one-year to five-year municipal notes issued to meet short-term financing needs, for example, Revenue Anticipation Notes and Tax Anticipation Notes. Municipal obligations that have been rolled into longer-term bonds are known as funded debt.
Dictionary of Business Terms: floating debt
floating debt
short-term obligation of a business that is continuously refinanced, such as bank loans due in one year and commercial paper Government floating debt consists of Treasury bills and shortterm Treasury notes. Long-term debt, such as Treasury bonds, is referred to as funded debt.
Dictionary of Finance and Investment Terms: floating debt
floating debt
continuously renewed or refinanced short-term debt of companies or governments used to finance ongoing operating needs.
