Other options might be high-yield bonds, floating-rate debt, cash, commodities, or real-estate income producing properties.

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"In a high-net-worth portfolio, the floating rate element is typically cash, " says Andrew Marshak, a managing director in Credit Suisse Asset Management's Credit Investment Group.

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Given all the digital pictures floating around on the Web, surprisingly few people are trying to cash in.

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The message is upbeat, with Judson floating the idea of taking the company private, while batting away concerns over shrinking cash flow to service debt.

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Typically, one series of cash flows would be considered the fixed leg of the agreement while the other would be less predictable, such as cash flows based on an interest rate benchmark or a foreign exchange rate, usually referred to as the floating leg.

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