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).

2. The delay between a transaction and the withdrawal of funds to cover the transaction.

3. The amount of a corporation’s shares that are available for trading on the securities market.

float, vb.

1. (Of a currency) to attain a value in the international exchange market solely on the basis of supply and demand (the IMF allowed the peso to float).

2. To issue (a security) for sale on the market (PDQ Corp. floated a new series of preferred shares).

3. To arrange or negotiate (a loan) (the bank floated a car loan to Alice despite her poor credit history).


专业法律词汇 词条贡献者
双语律师Howard,毕业于法国一流的高级翻译学院,擅长翻译各类与欧美消费者隐私法规相关的法律文件。
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