(Com. & Finance) Act of financing, or floating, a commercial venture or an issue of bonds, stock, or the like.
Center of flotation. (Shipbuilding)
(a)
The center of any given plane of flotation.
(b)
More commonly, the middle of the length of the load water line.
Plane of flotation, or Line of flotation, the plane or line in which the horizontal surface of a fluid cuts a body floating in it. See Bearing, n., 9 (c).
Surface of flotation (Shipbuilding), the imaginary surface which all the planes of flotation touch when a vessel rolls or pitches; the envelope of all such planes.
... on the point of staff. The main work of negotiation can only be carried out by the head of the firm himself, as a rule, and the routine work for subordinates is small, except when a public company flotation is being made. Matheson had found that his Paris office needed only a manager, Coulter, and a couple of clerks, one English and one French. Coulter was a steady-going, reliable man of forty odd, extremely trustworthy and ... — Swirling Waters • Max Rittenberg
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