Business / Taxes / Floating Shares: Floating shares are shares of a public corporation that are available for trading in a stock market. The number of floating shares may be smaller than the company’s outstanding shares if founding partners, other groups with a controlling interest, or the company’s pension fund, employee stock ownership plan (ESOP), or similar programs hold shares in their portfolios that they aren’t interested in selling. Some equity index providers, including Standard & Poor’s, use floating shares rather than outstanding shares in calculating their market-capitalization weighted indexes on the grounds that a float-adjusted index is a more accurate reflection of market value.
Business / Finance / Outstanding Shares: Shares that are currently owned by investors. MORE
Business / Finance / Inverse Floating-Rate Note: A variable-rate security whose coupon rate increases as a benchmark interest rate declines. MORE