Float

(redirected from Floating restaurant)
Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia, Wikipedia.

Float

Currency: Exchange rate policy that does not limit the range of the market rate.
Equities: Number of shares of a corporation that are outstanding and available for trading by the public, excluding insiders or restricted stock on a when-issued basis. A stock's volatility is inversely correlated to its float.

Float

1. The number of shares of a publicly-traded company available to trade. It is important to note that this may be different from the shares outstanding: some shareholders may buy and hold, reducing the size of the float. The size of a float greatly affects a stock's volatility. If a float is small, any number of activities could affect greatly its price, especially a single large order to buy or sell it. This would greatly alter the number of shares available to trade, creating too little or too much supply and therefore drive the price up or down. A large float tends to have less volatility because large orders do not affect the supply as much. It is also called a floating supply. See also: Technical condition of a market.

2. In foreign exchange, a currency that is not pegged to another currency's value.

float

1. Funds that are on deposit at two institutions at the same time because of inefficiencies in the collection system. This situation permits a person or firm to earn extra income because the two institutions are paying interest on the same funds. As an example, a person writes a check on a money market fund in order to make a deposit in a local financial institution. Until that check gets back to the bank on which it was written (a transit often entailing two or three days), the investor receives interest on his or her funds from both institutions. See also fail float.
2. The number of shares in public hands and available for trading. Institutional investors require that a security have a large float before they will take a position in it. The large float guards against a substantial price change in the security while the institution is buying. Also called floating supply.

float

To permit a country's currency to change freely in value against foreign currencies.

Float.

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 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 and works to the bank's advantage.

Float is also the period that elapses from the time you write a check until it clears your account, which can work to your advantage. However, as checks are increasingly cleared electronically at the point of deposit, this float is disappearing.

In a credit account, float is the amount of time between the date you charge a purchase and the date the payment is due. If you have paid your previous bill in full and on time, you don't owe a finance charge on the amount of the purchase during the float.

float

(1) The amount of movement in a variable-rate mortgage,as in “the loan can float 1 percent per year or a maximum of 5 percent in a lifetime.” (2) The period of time after a check is deposited but before the funds have been collected or credited.If a depositor receives credit immediately,even though it may take several days for the maker's bank to transfer funds to the depositor's bank,then the depositor takes advantage of the float because it has use of the money.If a depositor does not receive credit for several days, but the bank has already received its money from the maker's bank, then the bank takes advantage of the float.

Float

Allowing the interest rate and points to vary with changes in market conditions,as opposed to “locking” them.

Floating may be mandatory until the lender's lock requirements have been met. After that, the borrower may elect to lock the rate and points at any time but must do so a few days before the closing.

Allowing the rate to float exposes the borrower to market risk and also to the risk of being taken advantage of by the loan provider. See Locking the Loan/Choosing When to Lock.

References in periodicals archive ?
A number of plans for the boat - including turning her into a floating restaurant for trips up and down the Thames - have so far come to nothing.
We need to have an official letter that identifies the new location of the floating restaurant," said Ahmad Al Hammadi, Director of the RAK Public Works and Services department.
The Dubai Maritime City Authority (DMCA) recently gave out cruise logbooks to all floating restaurants to unify vessel records and facilitate improved vessel inspections in line with safety initiatives across Dubai waters.
That's the only way to get to La Barachois, a one-of-its-kind floating restaurant in the Indian Ocean.
These listings include businesses such as a state of the art vineyard, a premier food and beverage tourist attraction, and a floating restaurant.
The Edgewater Marketplace shares a parking field with the Binghamton Ferryboat restaurant and nightclub, the only permanently moored floating restaurant along the Hudson River, that is currently closed and awaiting reuse.
City Centre restaurateur Barry Yu submitted detailed plans today, for a moored floating restaurant in the shape of Chinese Junk downstream of the Swing Bridge.
BAGHDAD: A crowded floating restaurant loaded with dozens of guests sank in the Tigris River in central Baghdad late yesterday, leaving at least eight people dead and several others missing, according to officials.
A small terrace can be booked for romantic evenings and you can have breakfast, lunch and dinner at the delightful floating restaurant.
Project manager Hill International is finalising the remaining three F&B outlets on the mixed-use development, according to project director Michael Scotese, namely the Japanese, French and so-called Floating Restaurant.
A FLOATING restaurant has set sail on her maiden voyage along the Liverpool Canal.
She then went on to serve as a troop carrier during both World Wars before eventually becoming the tender for RMS Queen Elizabeth, followed by a conversion into a floating restaurant on the river Seine in Paris.