FLOATING

floating,adj. Not fixed or settled; fluctuating; variable.[Blacks Law 8th]

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FLOATER

floater. See floating-rate note under NOTE(1).[Blacks Law 8th]

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FLOAT

float,n.1. The sum of money represented by outstanding or uncollected checks. “ ‘Float’ refers to the artificial balance created due to delays in processing credits and debits to an account.” In re Cannon, 277 F.3d 838, 843 (6th Cir. 2002). The delay between a transaction and the withdrawal of funds to cover the transaction. 3.…

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