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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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.


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


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.


To permit a country's currency to change freely in value against foreign currencies.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.


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.

Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.


(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.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.


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.

The Mortgage Encyclopedia. Copyright © 2004 by Jack Guttentag. Used with permission of The McGraw-Hill Companies, Inc.
References in periodicals archive ?
Comparatively large concentrations of VOCs were recorded during the loading works to the latter storage tank, as there are no floatable screen and insulation devices installed in it.
The maximum particle size that can be raised is different from the maximum floatable particle size, as we will see below--the former is obtained under static conditions whilst the latter of course reflects a dynamic state.
"Our initial observations indicate that the CDS unit is collecting a very large amount of floatable solids and it looks like it will be a great tool for keeping debris out of the river," he said.
Plate design allows floatable solids to float to plates rising up to surface of cell.
Another little thing I'll mention is that the state of Georgia has asked our Dublin mill to do some unusual things, one of which is to begin to monitor floatable plastics in the effluent stream.
There, a ferry approached the ship carrying the 83 waterproof, floatable crates containing the weapons.
That it rests on the illusion of a floatable mattress of Styrofoam (a material that will outlast even the cockroach in our planet's final convulsions) suggests a quotidian tidal awareness that some waste cannot be flushed away.
In another application, the use of water jets generated at moderate pressure is believed to offer distinct advantages over conventional mechanical machines for the selective agglomeration of coal particles into coalescent floatable aggregates.
Waller & Son has a new floatable gun case called the Soft Safe.
The question is: Can Massimo Giacon's fanciful new bathtub plug attached to a tooth-gritting floatable character named Mr.
Insulated, floatable cooler (12), $40, holds 19 quarts; "Frost Pak," Seattle Sports, available at REI.
Teak trees chosen for felling were "girdled," and thereafter the trees had to stand for at least three years so that they dried out and seasoned sufficiently to become floatable. The hilly terrain made elephants, and in some cases buffalo, the only means to transfer the logs to a river.