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Floating Capital

Bouvier's Law Dictionary and Concise Encyclopedia · John Bouvier; revised by Francis Rawle · 1914

Bouvier's Law Dictionary and Concise Encyclopedia

Capital retained for the purpose of meeting current expenditure. Lt includes raw materials destined for fabrication, such as wool and flax products in the warehouses of merchants or manufacturers; such as cloth or linen and money for wages and stores. De Laveleye, Pol. Be.