(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 manufacturers or merchants, such as cloth and linen, and money for wages, and stores. De Laveleye, Pol. Ec.
Capital retained for the purpose of meeting current expenditure.