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Definition.com

Circulating capital (n.) is, ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠in one sense, all capital, since even the machine's value circulates, only gradually and without its body.

Definition.com

Circulating capital (n.) on ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠the erroneous account makes a profit by leaving the production process, and the similarity of its turnover with wages buries the whole secret of capitalist production.

Definition.com

Circulating capital (n.) is ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠no real agent of production, Ramsay held — only a convenience made necessary by the deplorable poverty of the mass of the people.