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Float > define

by Webster's Revised Unabridged Dictionary

noun

  • The time interval between the deposit of a check in a bank and its payment.
  • The number of shares outstanding and available for trading by the public.
  • A drink with ice cream floating in it.
  • An elaborate display mounted on a platform carried by a truck (or pulled by a truck) in a procession or parade.
  • A hand tool with a flat face used for smoothing and finishing the surface of plaster or cement or stucco.
  • Something that floats on the surface of water.
  • An air-filled sac near the spinal column in many fishes that helps maintain buoyancy.

verb

  • Be in motion due to some air or water current.
    • usage: "The leaves were blowing in the wind"; "the boat drifted on the lake"; "The sailboat was adrift on the open sea"; "the shipwrecked boat drifted away from the shore"
  • Be afloat either on or below a liquid surface and not sink to the bottom.
  • Set afloat.
    • usage: "He floated the logs down the river"; "The boy floated his toy boat on the pond"
  • Circulate or discuss tentatively; test the waters with.
    • usage: "The Republicans are floating the idea of a tax reform"
  • Move lightly, as if suspended.
    • usage: "The dancer floated across the stage"
  • Put into the water.
    • usage: "float a ship"
  • Make the surface of level or smooth.
    • usage: "float the plaster"
  • Allow (currencies) to fluctuate.
    • usage: "The government floated the ruble for a few months"
  • Convert from a fixed point notation to a floating point notation.
    • usage: "float data"
by WordNet 3.0 © 2006 by Princeton University

In investment terms, a' Float' is the number of outstanding shares a corporation has available for trading. If there is a small float, stock prices tend to be volatile, since one large trade could significantly affect the availability-and therefore the price-of these stocks. If there is a large float, stock prices tend to be more stable. In banking, the float is the time that elapses from the time you write a check until it clears your account. The same term also refers to the time lag between your depositing a check in the bank and the day the funds become available for use. For example, if you deposit a check on Monday, and you can withdraw the cash on Friday, the float is four days. When you write a check, the float works to your advantage. When you deposit a check, the float works to the bank's advantage.