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float definition - finance
  1. The difference between the funds that a bank has on deposit with the Federal Reserve and the funds that have been paid out of its account. Float adds to the money supply and is one of the money supply statistics collected and reported weekly by the Federal Reserve Bank of New York.
  2. The number of shares of stock available to be traded multiplied by the price of the shares. The bigger the float, the greater the stockÂ’s liquidity.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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