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Friday, April 29, 2016 6:14:21 AM
Float:
The total number of shares publicly owned and available for trading. The float is calculated by subtracting restricted shares from outstanding shares.
A float can also refer to a small portion of the money supply representing a balance that is simultaneously present in a buyers and a payers account. A float results from the delay occurring between the time that a cheque is written and the money actually being deducted from the writer's account. These balances are temporarily double counted as part of the overall money supply.
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