The Law Dictionary

FLOATING CAPITAL

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

(or circulating capital.) The capital which is consumed at each operation of production and reappears transformed into new products. At each sale of these products the capital is represented in cash, and It is 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 … [Read more...]

FLEM

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

In Saxon and old English law. A fugitive bondman or villein. Spelman. The privilege of having the goods and fines of fugitives. … [Read more...]

FLOATING DEBT

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

By this term is meant that mass of lawful and valid claims against the corporation for the payment of which there is no money in the corporate treasury specifically designed, nor any taxation nor other means of providing money to pay particularly provided. People v. Wood, 71 N. Y. 374; City of Huron v. Second Ward Sav. Bank. 86 Fed. 276, 30 C. C. A. 38, 49 L. R. A. 534. Debt … [Read more...]

FLODE-MARK

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

Flood-mark, high-water mark. The mark which the sea, at flowing water and highest tide, makes on the shore. Blount … [Read more...]

Legal Disclaimer: The content appearing on our website is for general information purposes only. When you submit a question or make a comment on our site or in our law forum, you clearly imply that you are interested in receiving answers, opinions and responses from other people. The people providing legal help and who respond are volunteers who may not be lawyers, legal professionals or have any legal training or experience. The law is also subject to change from time to time and legal statutes and regulations vary between states. It is possible that the law may not apply to you and may have changed from the time a post was made. All information available on our site is available on an "AS-IS" basis. It is not a substitute for professional legal assistance. Before making any decision or accepting any legal advice, you should have a proper legal consultation with a licensed attorney with whom you have an attorney-client privilege. For purposes of New York and New Jersey State ethics rules, please take notice that this website and its case reviews may constitute attorney advertising.