Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “float”

float

noun
 
 
/fləʊt/
[C] (mainly UK also flotation) STOCK MARKET a situation in which a company offers shares for sale on a stock market for the first time: The stock has been one of the great out-performers of recent times, rising more than 90% since the company's float 11 years ago. The planned flotation of the new Internet portal has been postponed.a $90 billion/£350 million, etc. float Bank of China is poised to file for $8 bn float. Shares are currently below their 330p-a-share float price. Companies must file an initial registration statement under the Exchange Act before commencing a public float.
[S] ECONOMICS a situation in which a government no longer controls the value of its country's currency in relation to the value of other currencies: The float of the currency triggered a period of turbulence in Asian financial markets. → See also dirty float
[U] BANKING money that becomes available for a bank to spend before customers' cheques are paid: The speed of electronic processing has all but eliminated the need for float.
[C] COMMERCE cash that is available to give as change to customers at the start of business each day
[C] UK MONEY →  petty cash
(Definition of float noun from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of float?
Add Cambridge dictionaries to your browser to your website

More Business English definitions for “float”

Definitions of “float” in other dictionaries

Word of the Day

for starters

used to say that something is the first in a list of things

Word of the Day

Come on – you can do it! Phrasal verbs with ‘come’.

by Liz Walter​,
November 19, 2014
As part of an occasional series on the tricky subject of phrasal verbs, this blog looks at ones formed with the verb ‘come’. If you are reading this blog, I’m sure you already know come from, as it is one of the first things you learn in class: I come from Scotland/Spain.

Read More 

ped-text verb

November 24, 2014
to text someone while walking I’m ped-texting, I’m looking down at my phone, 75 percent of the time.

Read More