Finance:Floating capital
From HandWiki
Floating capital denotes currency in circulation and assets which can be used for many purposes.[1] It is therefore opposed to "sunk capital", which can be used only for one purpose (for example, a mineshaft).[1]
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.
References
- ↑ 1.0 1.1 N. B. Ghodke (1985). Encyclopaedic Dictionary of Economics - Volume 1. p. 147. https://books.google.com/books?id=4_1OU9cVM4YC&pg=PA147.
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