floating debt


Also found in: Financial.
Related to floating debt: Funded debt

floating debt

n
(Economics) short-term government borrowing, esp by the issue of three-month Treasury bills
References in periodicals archive ?
The floating debt which included t-bills jumped by Rs1,393bn to reach Rs7,944bn in the said period.
Permanent debt, floating debt foreign currency loans, short-term loans unfunded debt formulate the total domestic debt stocks.
The share of permanent debt in the total domestic borrowing is falling, while the share of floating debt has increased.
An important change in debt management is the government's decision to stop accumulating arrears with suppliers, known as floating debt.
According to the State Bank of Pakistan, the country's overall stocks of domestic debts, comprising permanent debt, floating debt, un-funded debt and foreign currency loan continued to rise during the current fiscal year.
Permanent debt rose from Rs 678 billion at the end of June 2009 to Rs 789 billion at the end of May 2010, floating debt rose from Rs 1,904 billion to Rs 2,397 billion and unfounded debt rose from Rs 1,270 billion to Rs 1,440 billion.
Some have been floating debt to keep their financial strength ratings up," he said.
30 billion by floating debt in European markets denominated in euros.
While the restructuring of bilateral credits through the Puris Club will result in substantial reduction iii foreign exchange payments during the grace period, the reduction in floating debt till relieve some pressure from tile government in terms of reduced interest payments on domestic debt.
Moreover, the savings in interest rate expense are "most quickly realized" within the area of floating debt.
Suppose PIC pays base rate (the interest rate banks charge to their good customers) on its floating debt.
With a general objective to have a liability portfolio mix of 70 percent fixed debt and 30 percent floating debt, we may use derivatives to reach that goal.