Floating definition

Floating or “Concurrent User” license means that access to the Simcenter Software at any given moment is limited to the number of Authorized Users for whom Simcenter Software licenses have been acquired as per the Order.
Floating license means that access to the Software at any given moment will be limited to the maximum number of concurrent users for whom such licenses have been validly acquired under the Agreement and that use of the Software under such licenses is further restricted to a group of users that: (i) are part of the same functional team, and (ii) are geographically located on the same premises or site of the Customer for which the license was purchased, as designated on the LSDA for the purchase of such license(s).
Floating license means a license that at any given moment is limited to the number of Authorized Users for whom EDA Software licenses have been acquired as per the Order.

Examples of Floating in a sentence

  • Floating holiday hours are based on the number of hours an employee is assigned per day (e.g. if an employee is assigned to a 10-hour shift, he/she would receive thirty (30) hours of floating holiday leave).

  • Floating Loss The current loss on Open Positions calculated at the current prices.

  • Mode of Computation of Interest and Applicable Rate of Interest Floating Rate of Interest Applicable floating rate of Interest will be % per annum which is % (herein referred to as Credit Risk Premium) above the DCB Bank's RBLRHL (Revised Benchmark Linked Rate Home Loan) as applicable on the date of loan.

  • Floating holiday hours are received the first full pay period after January 1 of each calendar year.

  • Floating NAV MMFs would face a lower risk of runs for the reasons outlined in section 3(a): Frequent changes in these funds’ NAVs would help align investor perceptions and actual fund risks, and investors would have reduced incentives to redeem early in a crisis without a rounded NAV.


More Definitions of Floating

FloatingBus Driver
Floating license means that access to the Tool Software at any given moment is limited to the maximum number of Authorized Users indicated on the Order.
FloatingHolidays Designated by employee each year, with approval of the Department Head Any date commonly observed, as designated by State, national authority, or the Port of Seattle may be observed as a holiday and paid for as such in lieu of the date designated above for the paid holidays listed.
Floating seasonal bonus days may be utilized in increments of one (1) hour.
Floating or “Concurrent User” license means that access to the MOM Software at any given moment is limited to the maximum number of Authorized Users indicated on the Order. Unless specified otherwise in the Order, it may be used only by a single Authorized User.
Floating license means a license that at any given moment is limited to the maximum number of Authorized Users indicated on the Order. Unless specified otherwise in the Order, such license is limited to a single session by a single Authorized User at a time.
Floating or “Concurrent User” license means that access to the PLM Software, at any given moment is limited to the maximum number of Authorized Users indicated on the Order. Unless specified otherwise in the Order, it may be used only by a single Authorized User.