n.
Pronunciation: ' fl ō -ti ŋ
Function: adjective
Date: 1600
1 : buoyed on or in a fluid
2 : located out of the normal position <a floating kidney>
3 a : continually drifting or changing position <the floating population> b : not presently committed or invested < floating capital> c : short-term and usually not funded < floating debt> d : having no fixed value or rate < floating currencies> < floating interest rates>
4 : connected or constructed so as to operate and adjust smoothly <a floating axle>