/ Dictionary / Index F floating policy: Meaning and Definition of Find definitions for: float'ing pol'icy Pronunciation: [key] (in marine insurance) a policy that provides protection of a broad nature for shipments of merchandise and that is valid continuously until canceled. floater (def. 7). Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease. floating point floating rib Related Content Daily Word Quiz: hedonist Analogy of the Day: Today’s Analogy Spelling Bee: Today’s Spelling Bee Frequently Misspelled Words Frequently Mispronounced Words Easily Confused Words Writing & Language