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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 ?
Wang, "Co-prevalence of chronic disease risk factors and influencing factors in floating population in China," Zhonghua Liu Xing Bing Xue Za Zhi, vol.
According to Article 7 of Interim Measures on Schooling for Children among the Floating Population ((Chinese National Education Committee, 1998) migrant children should enter public primary or secondary schools.
Working on foot, these members of the floating population scour the city's dumpsters, garbage cans, and streets for recyclables.
Nevertheless, merely doing away with the hukou system will not be enough to cure the economic and social problems manifested by the floating population. In order to encourage balanced development, the government will also need to introduce policies to reduce the income gap between the city and the countryside, to limit urban sprawl and increase cities' capacity to absorb migrants and to facilitate the mobility of investment to the interior of the country.
The size of the floating population in China is large, an estimated 70-80 million in the early 1990s, of whom more than 70 per cent were migrants from rural to urban areas.
On the difficulties of enumerating the capital's floating population, see Gaillard, Paris, la villa, 184; Bernard Marchand, Paris, histoire d'une villa, [XIX.sup.e]-[XX.sup.e] siecle (Paris, 1993), 11-12; and Barrie M.
But the ranks of the migrants, often referred to as the "floating population," are also readily apparent, especially in the urban centers, where they do most of the construction work and other heavy laboring jobs, or provide the workforce for sweatshop industries.
As the Chinese economy reforms, a huge new floating population of rural-urban migrants is transforming the urban labor force.
The city council is looking for young families who want to settle down in the area because there are too many rented properties and a floating population.
Dutton's choice of the term, "subaltern," as a paradigm for the floating population of contemporary China is revealing in this respect.
These people are known as a floating population or temporary migrants (Goldstein and Goldstein, 1994) or illegal migrants (Wu, 1994) and circulatory migrants (Woon, 1993).
This new floating population would save wasting a lot of valuable land - and would be much more secure.

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