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floater - an object that floats or is capable of floating. object, physical object - a tangible and visible entity; an entity that can cast a shadow; it was full of rackets, balls and other objects.
DEFINITION of 'Floater Insurance'. A type of insurance policy that covers property that is easily movable and provides additional coverage over what normal insurance policies do not. This can cover anything from jewelery to expensive stereo equipment. Next Up.