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floating debt
noun
- short-term government borrowing, esp by the issue of three-month Treasury bills
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Example Sentences
The floating debt of Treasury notes and temporary loans will soon be entirely discharged.
From Project Gutenberg
And, of course, there was no such thing as public credit, although there was an immense floating debt.
From Project Gutenberg
And in addition each county and town had a large floating debt in scrip or local obligations.
From Project Gutenberg
There is no floating debt, and the bonded debt is limited by the State Constitution to seven per cent.
From Project Gutenberg
Yet the Government entered on its second year without a floating debt and with its credit unimpaired.
From Project Gutenberg
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