Floating capital denotes

currency A currency, "in circulation", from la, currens, -entis, literally meaning "running" or "traversing" is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general ...

in circulation and

asset In financial accounting, an asset is any resource owned or controlled by a business or an economic entity. It is anything (tangible or intangible) that can be used to produce positive economic value. Assets represent value of ownership that can ...

s which can be used for many purposes. It is therefore opposed to "sunk capital", which can be used only for one purpose (for example, a mineshaft). It comprises the materials and components, constantly supplied in the effecting of all manufactures; currency used for the purpose of transactions,

wage A wage is payment made by an employer to an employee for work done in a specific period of time. Some examples of wage payments include compensatory payments such as ''minimum wage'', '' prevailing wage'', and ''yearly bonuses,'' and remune ...

s and salaries; products in

transportation Transport (in British English), or transportation (in American English), is the intentional movement of humans, animals, and goods from one location to another. Modes of transport include air, land (rail and road), water, cable, pipeline, ...

, or in the process of being stored in the prospect of being eventually utilized for this purpose; and the working,

circulating capital Circulating capital includes intermediate goods and operating expenses, i.e., short-lived items that are used in production and used up in the process of creating other goods or services.Mark Blaug, 2008. "circulating capital," ''The New Palgrave ...

; rather than that which is fixed as permanently stationary value.

References

Financial capital {{finance-stub