Definitions of floating:

• noun:   the act of someone who floats on the water
• adjective:   inclined to move or be moved about

  Example: "A floating crap game"

• adjective:   borne up by or suspended in a liquid

  Example: "The ship is still floating"

• adjective:   continually changing especially as from one abode or occupation to another

  Example: "The floating population"