float


float
The delay in processing transactions by banks and others which may permit the interest-free use of funds for brief periods. Checks that have been credited to the depositor's bank account, but not yet debited to the drawer's bank account. The time between when a check is written and when such check is actually deducted from bank account. In banking practice, checks and other items in the process of collection. "Float" in a checking account occurs when someone writes a check without sufficient funds, then covers the check before it returns to the bank for payment. In re Clemente, Bkrtcy. Ohio, 15 B.R. 937, 941.
See also kiting
In manufacturing, the amount of goods in the process of production, usually measured in terms of the number of units in process divided by the number of finished units produced per average day and expressed as, for example, "six days float."
In finance, the unsold part of a security issue or the number of shares actively traded. To let a given currency "float" is to allow it to freely establish its own value as against other currencies (i.e. exchange rate) by the law of supply and demand. In land law, especially in the western states, a certificate authorizing the entry, by the holder, of a certain quantity of land not yet specifically selected or located. Wisconsin Cent. R. Co. v. Price County, 133 U.S. 496, 10 S.Ct. 341, 33 L.Ed. 687

Black's law dictionary. . 1990.

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  • Float — or floating may refer to the following:Float* Float (fishing), a bite indicator used in angling * Float, a Cascading Style Sheets attribute. * Float (parade), a decorated vehicle or platform, animal or man drawn or motorized, used in a festive… …   Wikipedia

  • Float — (fl[=o]t), n.[OE. flote ship, boat, fleet, AS. flota ship, fr. fle[ o]tan to float; akin to D. vloot fleet, G. floss raft, Icel. floti float, raft, fleet, Sw. flotta. [root] 84. See {Fleet}, v. i., and cf. {Flotilla}, {Flotsam}, {Plover}.] 1.… …   The Collaborative International Dictionary of English

  • float — float·abil·i·ty; float·able; float; float·less; float·o·blast; float·sam; float·stone; re·float; float·er; float·a·tive; float·ing·ly; …   English syllables

  • Float — [floʊt ], der; s, s [engl. float, eigtl. = das Fließen, Fluss, zu: to float ↑ floaten] (Bankw.): Summe der von Konten abgebuchten, aber noch nicht gutgeschriebenen Zahlungen im bargeldlosen Zahlungsverkehr. * * * I Float,   Kurzbezeichnung für… …   Universal-Lexikon

  • Float On — Saltar a navegación, búsqueda «Float On» Sencillo de Modest Mouse del álbum Good News for People Who Love Bad News Publicación 14 de febrero, 2004 Formato CD …   Wikipedia Español

  • float — 1 n 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 float 2 vi of a currency …   Law dictionary

  • Float — Float, v. i. [imp. & p. p. {Floated}; p. pr. & vb. n. {Floating}.] [OE. flotien, flotten, AS. flotian to float, swim, fr. fle[ o]tan. See {Float}, n.] 1. To rest on the surface of any fluid; to swim; to be buoyed up. [1913 Webster] The ark no… …   The Collaborative International Dictionary of English

  • Float.h — Стандартная библиотека языка программирования С assert.h complex.h ctype.h errno.h fenv.h float.h inttypes.h iso646.h limits.h locale.h math.h setjmp.h signal.h stdarg.h stdbool.h stddef.h stdint.h stdio.h …   Википедия

  • float — ► VERB 1) rest on the surface of a liquid without sinking. 2) move slowly, hover, or be suspended in a liquid or the air. 3) put forward (an idea) as a suggestion or test of reactions. 4) (usu. as adj. floating) remain unsettled in one s opinions …   English terms dictionary

  • float|y — «FLOH tee», adjective, float|i|er, float|i|est. 1. that can float; buoyant. 2. (of a ship) needing very little water to float …   Useful english dictionary

  • Float — Float, v. t. 1. To cause to float; to cause to rest or move on the surface of a fluid; as, the tide floated the ship into the harbor. [1913 Webster] Had floated that bell on the Inchcape rock. Southey. [1913 Webster] 2. To flood; to overflow; to… …   The Collaborative International Dictionary of English