Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

float

Read a random definition: dole-meadow

A quick definition of float:

Float refers to the delay between a transaction and the withdrawal of funds to cover the transaction. It can also mean the amount of a corporation's shares that are available for trading on the securities market. Additionally, float can refer to the sum of money represented by outstanding or uncollected checks. This creates an artificial balance due to delays in processing credits and debits to an account.

A more thorough explanation:

Definition: Float refers to the delay between a transaction and the withdrawal of funds to cover the transaction. It can also refer to the sum of money represented by outstanding or uncollected checks. For example, if you deposit a check, it may take a few days for the funds to become available in your account. During this time, the check is said to be "in float."

Float can also refer to the amount of a corporation's shares that are available for trading on the securities market. For example, if a company has 1 million shares outstanding, but only 500,000 are available for trading, the float is 500,000.

Additionally, float can be used as a verb. To float a security means to issue it for sale on the market. For example, a company may float a new series of preferred shares to raise capital.

flip mortgage | flood insurance

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
LSD+ is ad-free, with DMs, discounts, case briefs & more.