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Floating Security

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Floating Security
1. See: Floater.

2. A security that a broker buys in his/her own name on behalf of a client. The floating security is held in the broker's name to make it easier to sell quickly if need be. See also: Beneficial ownership, Safekeep.


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Keep in mind that the concierge or floating security staff will generally need to maintain a view of the turnstiles, though sometimes observation with security cameras will suffice.
Three were caught swimming near a floating security boom next to the home of the Trident submarine fleet.
On one hand, there are people with illegal desires roaming the earth, some of them are on boats, and the idea of a floating security force is a safety net for a lot of people.
 
 
 
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