I. float ‧ ing 1 /ˈfləʊtɪŋ $ ˈfloʊ-/ BrE AmE adjective [only before noun]
often changing, and not staying the same:
You can choose either a fixed or floating interest rate for the loan.
The area has a large floating population.
II. floating 2 BrE AmE noun [uncountable]
the activity of sitting in a ↑ flotation tank in order to relax, or to treat illness or injury