Definitions of "floater"
  1. An attachment to an insurance policy that provides coverage for specific personal property items like jewelry or art
  2. A type of debt security that has a variable interest rate which is adjusted based on a specified index
How to use "floater" in a sentence
  1. The couple decided to get a floater for their expensive art collection for additional coverage.
  2. Investors considered buying a floater due to its variable interest rate based on market conditions.
  3. The insurance company suggested adding a floater to the homeowner's policy to cover high-end electronics.

Provide Feedback
Browse Our Legal Dictionary
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z