floater

floater definition - business

floater

  1. Insurance coverage for movable property such as jewelry and musical instruments. A floater is generally an attachment to a homeowner's policy. Also called personal property floater.
  2. See floating-rate note.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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