Floater - Law Dictionary Search Results
Home Dictionary Name: floaterfloater
floater 1 from the notion that the policy “floats” with the goods it insures, wherever they might be located : a policy or supplemental attachment to a policy insuring specific items of personal property (as jewelry or art) ;specif : a policy of insurance to protect against loss or damage of goods in transit or goods (as jewels) naturally subject to use in various places called also floating policy 2 : a debt security that yields an indexed variable rate of interest ;esp : floating rate note at note ...
floating policy
floating policy : floater ...
note
note 1 a : a written promise to pay a debt ;specif : promissory note in this entry bank note : a promissory note issued by a bank payable to bearer on demand but without interest and circulating as money cog·no·vit note [kÄ g-nō-vit-, kōg-] : a note in which the maker acknowledges the debt and authorizes the entry of judgment against him or her without notice or a hearing : a note containing a confession of judgment collateral note : a note secured esp. by a collateral mortgage and pledged to secure an obligation of which a hand note usually serves as evidence demand note : a note payable on demand compare time note in this entry floating rate note : a negotiable note that yields an indexed and periodically adjusted variable rate of interest called also floater hand note : a note for an obligation secured by a collateral note non-recourse note : a note whose satisfaction upon default may be obtained only out of the collateral securing it promisso...
Floater
One who floats or swims...
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