Float


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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 ?
SEC is proposing to introduce this requirement of a minimum public float as part of the Listing Rules of the stock exchange.
1848: American Legion Post 244 Color Guard, National Lancers - Light Calvary Unit of 1846 sponsored by Country Bank, Selectmen, West Brookfield Fire Department, Fullam Fire Truck, Sudbury Ancient Fife and Drum Corps, Salem Cross Inn Restaurant - float, First Congregational Church of West Brookfield - float, Lions Club of West Brookfield, Boy Scout Troop 118 - float, "Scouting Through the Ages," Cub Scout Pack 118, Merriam Gilbert Public Library - float, West Brookfield Elementary School - float, Country Bank Trolley, Lamoureux Ford Car with Golden Cane Recipient, John Murphy, Quaboag on the Common - float, Horse Drawn Doctor's Buggy, Barry Nadon Sr., 19th and 20th Century Construction Equipment: horse-drawn cart, Friends of the Bandstand - float, Ye Olde Tavern - float, Girl Scout Jr.
Places where walleyes commonly feed that suggest the use of float tactics include eddies, gravel banks, rockpiles, mudlines, and flats behind current breaks.
The float received the 2008 Craftsman Trophy for exceptional showmanship for floats over 55 feet.
"Dubai Investments envisions every group entity to become leaders in their respective industry sector, and it is gratifying to note that Emirates Float Glass is on track to realize its founding objectives and emerging as the foremost player in the regional glass solutions industry," Kalban added.
Eddies can be as large as 50 kilometers (27 nautical miles) across, Bower said, and launching more than one float into the same eddy would waste floats.
When officers caught up with the 42-year-old driver he allegedly had an open container of alcohol in the truck he was using to haul the float and its shaken passengers.
The criteria for judging floats in this year's Labor Day Parade will be the same as in past years, according to the parade committee.
Under Department Administrative Order 19-02, the DTI imposed a safeguard duty of P2,552 per MT on clear float glass and P2,835 per MT on tinted float glass, both in the form of cash bond and shall be in effect for a period of 200 days from the date of issuance of a relevant Customs memorandum order, or 15 days after the publication of the order in two national newspapers, whichever comes first.
Clear float glass and tinted float glass are used for exterior and interior window and door openings, curtain walls, huge scenic openings, showcase windows, furniture applications, interior room partitions and basic glass for mirrors.
GIANT ANGEL WINGS INFLATABLE POOL FLOAT: Set yourself apart from the rest as you float by on these giant angel wings.
During the following two decades, the number of currencies allowed to float increased, although in the late 1990s a number of European currencies were permanently fixed under Economic and Monetary Union and some other countries established currency boards.