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Floating Capital |
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Funds retained for the purpose of paying current expenses as opposed to fixed assets. Floating capital is also known as circulating capital. It encompasses (1) the raw materials consumed in each phase of manufacturing; (2) money designated for wages; and (3) products stored in the warehouses of manufacturers or merchants. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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