Related Words

Availability Float: Checks deposited by a company that have not yet been cleared.

Free Float: Securities industry procedure whereby delivery of securities sold is made to the buying customer's bank without requiring immediate payment; thus a credit agreement of sorts. Antithesis of d . . . View Full Definition

Free-Floating Anxiety: pervasive and unfocused anxiety.

In-House Processing Float: In the context of general equities, keeping an activity within the firm. For example, rather than go to the marketplace and sell a security for a client to anyone, an attempt is made to find . . . View Full Definition

Floatplane: A water-based aircraft with one or more mounted pontoons, as differentiated from a hulled SEAPLANE [Flying Boat], but often used generically.

Inverse Floater: A derivative instrument whose coupon rate is linked to the market rate of interest in an inverse relationship.

Floating-Rate Payer: Note whose interest payment varies with short-term interest rates.

Floating Wall: A non-bearing wall built on a concrete floor. It is constructed so that the bottom two horizontal plates can compress or pull apart if the concrete floor moves up or down. Normally built on . . . View Full Definition

Floating-Rate Contract: The aggregate of securities believed to be available for immediate purchase, that is, in the hands of dealers and investors wanting to sell.

Floating-Rate Note (FRN): An guaranteed investment instrument whose interest payment is tied to some variable (floating) interest rate benchmark, such as a specific-maturity Treasury yield.