obligation vs floater

floater vs obligation

obligation and floater both are nouns.

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

As nouns, floater is a hyponym of obligation; that is, floater is a word with a more specific, narrower meaning than obligation:

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

Other hyponyms of obligation include cash equivalent, CD, certificate of deposit, note, note of hand, promissory note, bond, bond certificate.

obligation (noun)	floater (noun)
the social force that binds you to the courses of action demanded by that force	an insurance policy covering loss of movable property (e.g. jewelry) regardless of its location
a legal agreement specifying a payment or action and the penalty for failure to comply	an object that floats or is capable of floating
a written promise to repay a debt	a swimmer who floats in the water
a personal relation in which one is indebted for a service or favor	a wanderer who has no established residence or visible means of support
the state of being obligated to do or pay something	a voter who votes illegally at different polling places in the same election
	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 obligation and floater

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