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English definition of “float”

float

verb [I or T] (CHANGE VALUE)    /fləʊt/ US  /floʊt/ specialized
to allow the value of a country's money to change according to the value of other countries ' money : The government has decided to float the pound .Economics and the state of the economy
(Definition of float verb (CHANGE VALUE) from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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