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floating policy

 - 6 dictionary results

floating policy

–noun
1. (in marine insurance) a policy that provides protection of a broad nature for shipments of merchandise and that is valid continuously until canceled.
2. floater (def. 7).

Origin:
1830–40, Americanism

float⋅er

[floh-ter]
–noun
1. a person or thing that floats.
2. Informal. a person who is continually changing his or her place of abode, employment, etc.
3. U.S. Politics. a voter not attached to any party, esp. a person whose vote may be purchased.
4. a person who fraudulently votes, usually for pay, in different places in the same election.
5. Animal Behavior. a territorial animal that has been unable to claim a territory and is forced into undefended, marginal areas with limited resources.
6. a speck or string that appears to be drifting across the eye just outside the line of vision, caused by cells or cell fragments in the vitreous humor registering on the retina; musca volitans.
7. Also called floating policy. Insurance. a policy that insures movable personal property.
8. Finance. any security or note that has a floating rate.
9. Medicine/Medical Slang. a corpse found floating in a body of water.
10. Australian. a meat pie served in a plate of gravy or pea soup.

Origin:
1710–20; float + -er 1
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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Financial Dictionary

floater

See floating-rate note.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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Legal Dictionary

Main Entry: float·er
Function: noun
1Etymology: from the notion that the policy “floats” with the goods it insures, wherever they might be located
: a policy or supplemental attachment to a policy insuring specific items of personal property (as jewelry or art); specifically : a policy of insurance to protect against loss or damage of goods in transit or goods (as jewels) naturally subject to use in various places called also floating policy
2 : a debt security that yields an indexed variable rate of interest; especially : FLOATING RATE NOTE at, NOTE

Main Entry: floating policy
Function: noun
: FLOATER
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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Medical Dictionary

Main Entry: float·er
Pronunciation: 'flOt-&r
Function: noun
: a bit of optical debris (as a dead cell or cell fragment) in the vitreous body orlens that may be perceived as a spot before the eye —usually used in plural; —compare MUSCAE VOLITANTES
Merriam-Webster's Medical Dictionary, © 2002 Merriam-Webster, Inc.
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