float

noun

1. : an amount of money represented by checks outstanding and in process of collection

2. : the time between a transaction (as the writing of a check or a purchase on credit) and the actual withdrawal of funds to cover it

intransitive verb

1. : to find a level in the international exchange market in response to the law of supply and demand and without any restrictive effect of artificial support or control

1. : to place (an issue of securities) on the market

2. : to obtain money for the establishment or development of (an enterprise) by issuing and selling securities

3. : negotiate 1 float a loan