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Financial Terms | |
Free float |
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Definition of Free floatFree floatAn exchange rate system characterized by the absence of government intervention. Also known as
Related Terms:Arbitrage-free option-pricing modelsYield curve option-pricing models. Availability floatChecks deposited by a company that have not yet been cleared. availability floatChecks already deposited that have not yet been cleared. Bank collection floatThe time that elapses between when a check is deposited into a bank account and when the funds are available to the depositor, during which period the bank is collecting payment from the payer's bank. Clean FloatA flexible exchange rate system in which the government does not intervene. Collection floatThe negative float that is created between the time when you deposit a check in your account Corporate processing floatThe time that elapses between receipt of payment from a customer and the ![]() Dirty floatA system of floating exchange rates in which the government occasionally intervenes to change Dirty FloatA flexible exchange rate system in which the government intervenes. Disbursement floatA decrease in book cash but no immediate change in bank cash, generated by checks FloatThe number of shares that are actively tradable in the market, excluding shares that are held by officers Floaterfloating rate bond. Floating ChargeCharge or assignment on a company's total assets as security for a loan on total assets without specifying specific assets. Floating exchange rateA country's decision to allow its currency value to freely change. The currency is not Floating Exchange RateSee flexible exchange rate. Floating Interest RateA rate that fluctuates with general market condition. Floating lienGeneral lien against a company's assets or against a particular class of assets. Floating-rate contractA guaranteed investment contract where the credit rating is tied to some variable Floating-rate note (FRN)Note whose interest payment varies with short-term interest rates. Floating-rate payerIn an interest rate swap, the counterparty who pays a rate based on a reference rate, Floating-rate preferredPreferred stock paying dividends that vary with short-term interest rates. floating-rate securitySecurity paying dividends or interest that vary with short-term interest rates. Floating supplyThe amount of securities believed to be available for immediate purchase, that is, in the free cash flowGenerally speaking, this term refers to cash flow from Free Cash FlowThe funds available for distribution to the capital providers of the Free cash flowsCash not required for operations or for reinvestment. Often defined as earnings before Free on boardImplies that distributive services like transport and handling performed on goods up to the Free-on-Board (FOB) DestinationA shipping arrangement agreed to between buyer and Free-on-Board (FOB) Shipping PointA shipping arrangement agreed to between buyer and Free reservesExcess reserves minus member bank borrowings at the Fed. Free riderA follower who avoids the cost and expense of finding the best course of action and by simply Free TradeThe absence of any government restrictions, such as tariffs or quotas, on imports or exports. In-house processing floatRefers to the time it takes the receiver of a check to process the payment and Inverse floating rate noteA variable rate security whose coupon rate increases as a benchmark interest rate declines. Mail floatRefers to the part of the collection and disbursement process where checks are trapped in the postal system. Managed floatAlso known as "dirty" float, this is a system of floating exchange rates with central bank Net floatSum of disbursement float and collection float. net floatDifference between payment float and availability float. North American Free Trade Agreement (NAFTA)an agreement among Canada, Mexico, and the United States establishing the North American free Trade Zone, with a resulting reduction in trade barriers Payment floatCompany-written checks that have not yet cleared. payment floatChecks written by a company that have not yet cleared. Positive floatSee:float. Risk-free assetAn asset whose future return is known today with certainty. Risk-free rateThe rate earned on a riskless asset. Risk-free RateThe rate of return on an investment with known future benefits; a Risk-Free RateThe rate of return obtainable on government of Canada treasury bills. Riskless or risk-free assetAn asset whose future return is known today with certainty. The risk free asset is Tax free acquisitionA merger or consolidation in which 1) the acquirer's tax basis in each asset whose Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit. |