Floating Asset financial definition of Floating Asset
Working Asset (redirected from Floating Asset)
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A highly liquid
, current asset
. Working assets are taken in and distributed over relatively brief periods of time. Examples of working assets include cash
, works in process
. A working asset is also called a floating asset or a circulating asset.
References in periodicals archive
The MOU will further strengthen the position of N-KOM, which is a joint-venture between Qatar Gas Transport Company (Nakilat) and Keppel Offshore & Marine, in the areas of LNG-fuelled vessel conversions and construction of related floating assets
48% over the same period of 2009; the floating assets
turnover rate was 2.
Status of floating assets
(by scale): 2003-May 2009
2008 earnings continue to be impacted by compression of the interest rate margin in relation to the large drop in the Fed Funds rate and the corresponding effect on Prime floating assets
in the Bank.
In fact, the exposure to inverse floating assets
increased to 10% from 2% of the portfolio since the last review.