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float·ing (flō′tĭng)adj.1. Buoyed on or suspended in or as if in a fluid.2. Not secured in place; unattached.3. Inclined to move or be moved about: a floating meeting; floating crap games.4. a. Permitted to rise or fall in response to the market: a floating exchange rate; a floating interest rate.b. Having an exchange rate or interest rate that rises or falls in response to the market: a floating currency; a floating loan.5. Being short-term debt that is continuously refinanced.6. Economics Available for use; in circulation. Used of capital.7. Designed or constructed to operate smoothly and without vibration.8. Of or relating to an organ of the body that is movable or out of normal position: a floating kidney.