An interest rate that is not fixed over the term of a loan, bond or other fixed-income security but is allowed to vary according to the change in a specified index, such as the prime interest rate or the Treasury bill rate.
Floating joint
Wallboard panel joint that is paced between framing elements.
Floating slab
Concrete floor that is unconnected to the foundation wall.
Floating wall
Walls built to withstand movement in the basement floor.
Floatstone
Stone, also known as a rubbing stone, which smoothes gauged brickwork.
Flocculant
A chemical substance that promotes the aggregation or coagulation of suspended particles in the water.
Flood certification
The determination as to whether or not a property is located in a flood zone. If it is, the lender will require federally provided flood insurance.
Flood coat
The surfacing layer of bitumen into which aggregate is embedded on an aggregate-surfaced built-up roof. A flood coat is applied at an approximate rate of 45 to 60 pounds per square (100 square feet).
Flood insurance
Coverage that is required for property in a designated flood plain or zone.
Flood lamp
Normally used to spread light over a large area rather than directing it into a narrow area, it's also called a floodlight. Flood Level Rim Edge or rim of a plumbing fixture, over which excess water will flow.
