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floating debt

British  

noun

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

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

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Mr. Lamont began by recalling that since the advent of Fascismo unemployment has been wiped out in Italy, the floating debt reduced and the budget balanced.

From Time Magazine Archive

On March 31, her floating debt amounted to 7,641 billion; the last Reichsbank statement showed a note circulation of 5,642 billion.

From Time Magazine Archive

All budgetary expenses were met; more than $1,000,000 was paid on the floating debt; more than $400,000 remained in the treasury at the end of the year.

From Time Magazine Archive

French banks turned over their British and American securities to the Bank of France, which announced its intention of consolidating the present floating debt of 70 billion francs.

From Time Magazine Archive

Hence when the Democratic party came into power they found the floating debt covering the legislative and all other expenditures, fixed at the certain sum of $250,000.

From The Disfranchisement of the Negro The American Negro Academy. Occasional Papers No. 6 by John L. Love

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