Float

Definition - Noun
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

Definition - Intransitive Verb
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
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  : See also negotiate <~ a loan>



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Based on Merriam-Webster's Dictionary of Law ©2001.
Merriam-Webster, Incorporated
Published under license with Merriam-Webster, Incorporated.
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lien creditor

a creditor who is secured by a lien (as by attachment)


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