floater vs obligation

obligation vs floater

floater and obligation both are nouns.

Word	Noun	Adjective	Verb	Adverb
floater	Yes	No	No	No
obligation	Yes	No	No	No

As nouns, obligation is a hypernym of floater; that is, obligation is a word with a broader meaning than floater:

floater: a debt instrument with a variable interest rate tied to some other interest rate (e.g. the rate paid by T-bills)
obligation: a written promise to repay a debt

Other hypernyms of floater include certificate of indebtedness, debt instrument.

floater (noun)	obligation (noun)
an insurance policy covering loss of movable property (e.g. jewelry) regardless of its location	the social force that binds you to the courses of action demanded by that force
an object that floats or is capable of floating	a legal agreement specifying a payment or action and the penalty for failure to comply
a swimmer who floats in the water	a written promise to repay a debt
a wanderer who has no established residence or visible means of support	a personal relation in which one is indebted for a service or favor
a voter who votes illegally at different polling places in the same election	the state of being obligated to do or pay something
an employee who is reassigned from job to job as needed
a debt instrument with a variable interest rate tied to some other interest rate (e.g. the rate paid by T-bills)
spots before the eyes caused by opaque cell fragments in the vitreous humor and lens

Difference between floater and obligation

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