Some articles on floating debt:
... 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 (18931993)
“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 (18171862)