Question:
Regarding a premine, what is the full definition of the word "float"?
Thanks
Hi Armis,
I'm not sure, maybe someone else will enlighten us. Can you point me to where you saw 'float' used in relation to 'premine'?
BTW the financial definition of 'float' is;
The float refers to profits earned by a financial institution on assets that do not belong to that institution, but are held in custody for a client or other purpose.
But, I don't think this is what your referring too.