floating policy: Meaning and Definition of

float'ing pol'icy

Pronunciation: [key]
  1. (in marine insurance) a policy that provides protection of a broad nature for shipments of merchandise and that is valid continuously until canceled.
  2. floater (def. 7).
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.
floating point floating rib
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