Floating securities

Floating securities

Securities bought in a broker's name and resold quickly to attain a profit in a short amount of time.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
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