(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.
... altered, and a log of wood floats while a lump of iron sinks, just the same as they did in the days of Drake and Frobisher. The only difference is, that people thought out the underlying principle of the law of flotation, and reduced it to the generalized statement that anything will float, the weight of which is less than that of the mass displaced by it, whether it be an iron ship floating in water, or a balloon ... — The Law and the Word • Thomas Troward
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