Definitions from Black's Law Dictionary: 2nd Edition and Ballentine's Law Dictionary as are available for each term in each dictionary.
  • Black's Law Dictionary: 2nd Edition

    The capital which is consumed at each operation of production and reappears transformed into new producte. At each sale of these producis the capital is represented In cash, and It ls from its transformations that profit is derived. Floating capital includes raw materials destined for fabrication, such as wool and flax, products in the warehouses of manufacturers or merchants, such as cloth and linen, and money for wages, and stores. De Laveleye, Pol. Ec. Capital retained for the purpose of meeting current expenditure,