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 ?
The Floating Restaurant. Pork tenderloin saltimbocca at a lakeside marina.
Jonathan Jones, chief executive of the WTB, added, 'We hope that other local people with similar ideas will be heartened by this project and come forward to seek our aid in developing their scheme and thereby stimulate economic growth in the area.' Strange places: The Mermaid Floating Restaurant in Chirk lies on the Llangollen Canal.
Dubai Maritime City Authority (DMCA) has recently issued a cruise logbook to be distributed among all Dubai-based floating restaurants to record all their vessel operations, as part of its commitment to ensure and maintain highest levels of marine safety.
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. "Those will still be ongoing for a while," said Scotese.
In 1974, Yvon Vincent saved the Nomadic, transforming it into a floating restaurant on the Seine.
His colleagues are to give him a send-off with a dinner on a floating restaurant on the River Avon in Stratford.
A 15-month-old toddler died yesterday after falling into a river from a floating restaurant.
In the 90's, local entrepreneurs began converting dhows into floating restaurant thereby creating a 'Dhow Cruise' concept.
The island will also be home to the floating restaurant, based on Stockholm's Saluhall Market.
Retired to Dundee as a floating restaurant in 1980 she has been beautifully restored.
After serving in the two World Wars and as a floating restaurant in Paris, the Nomadic ended up derelict in Le Havre.
Eating in the Floating Restaurant is one of those things that locals often think is best suited to tourists, like climbing Snowdon, making a nuisance of oneself on jet-skis or feeding chips to the seagulls.