Floating Debt

Some articles on floating debt:

Franklin B. Gowen - Running The Reading Railroad - Bankruptcies and Ouster From The Reading - Contentious Recovery, New Expansionism
... bondholders' committee contended that expansions in the Reading's floating debt incurred during the six months prior to the bankruptcy were not covered by ... upon stockholders, US$15 per share, towards substantially paying down floating debt ... expenses to a manageable level, and liquidation of floating debt by the selling off of assets and/or conversion into preferred stock ...

Famous quotes containing the words debt and/or floating:

    Pain and fear and hunger are effects of causes which can be foreseen and known: but sorrow is a debt which someone else makes for us.
    Freya Stark (1893–1993)

    Again we mistook a little rocky islet seen through the “drisk,” with some taller bare trunks or stumps on it, for the steamer with its smoke-pipes, but as it had not changed its position after half an hour, we were undeceived. So much do the works of man resemble the works of nature. A moose might mistake a steamer for a floating isle, and not be scared till he heard its puffing or its whistle.
    Henry David Thoreau (1817–1862)