Floating capital denotes currency in circulation and assets which are movable and storable. It represents working capital; assets which are in circulation or transportable; rather than those that are fixed, such as buildings, installations, etc.
It comprises the materials and components, constantly supplied in the effecting of all manufactures; currency used for the purpose of transactions, wages and salaries; products in transportation, or in the process of being stored in the prospect of being eventually utilized for this purpose; and the working, circulating capital; rather than that which is fixed as permanently stationary value.
Famous quotes containing the words capital and/or floating:
“It is a capital mistake to theorize before one has data.”
—Sir Arthur Conan Doyle (18591930)
“The structure was designed by an old sea captain who believed that the world would end in a flood. He built a home in the traditional shape of the Ark, inverted, with the roof forming the hull of the proposed vessel. The builder expected that the deluge would cause the house to topple and then reverse itself, floating away on its roof until it should land on some new Ararat.”
—For the State of New Jersey, U.S. public relief program (1935-1943)