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float a loan

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float a loan
Fig. to get a loan of money; to arrange for a loan of money. I couldn't afford to pay cash for the car, so I floated a loan. They needed money, so they had to float a loan.
See also: float, loan


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? References in periodicals archive
With this year's budget windfall, the administration could float a loan from the general fund to cover the shortfall, but then workers would be paying interest on a loan for something they couldn't control.
Brokers can also indicate online if they want to lock or float a loan, based on mortgage-product options and lender preferences.
It means that brokers can indicate online if they want to lock or float a loan.
 
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