floating debt

The floating debt of Treasury notes and temporary loans will soon be entirely discharged.

And, of course, there was no such thing as public credit, although there was an immense floating debt.

And in addition each county and town had a large floating debt in scrip or local obligations.

There is no floating debt, and the bonded debt is limited by the State Constitution to seven per cent.

Yet the Government entered on its second year without a floating debt and with its credit unimpaired.