WordReference Random House Unabridged Dictionary of American English © 2025
floating policy, 
    1. (in marine insurance) a policy that provides protection of a broad nature for shipments of merchandise and that is valid continuously until canceled.
    2. floater (def. 7).
    • 1830–40, American.

'floating policy' also found in these entries (note: many are not synonyms or translations):

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