Float - Definition - Law Dictionary Home Dictionary Definition float

float

---

1 : an amount of money represented by checks outstanding and in process of collection
2 : the time between a transaction (as the writing of a check or a purchase on credit) and the actual withdrawal of funds to cover it
vi of a currency
: to find a level in the international exchange market in response to the law of supply and demand and without any restrictive effect of artificial support or control
vt
1 : to place (an issue of securities) on the market
2 : to obtain money for the establishment or development of (an enterprise) by issuing and selling securities
3 : negotiate [ a loan]