refloat
refloat Lexical Profile
refloat Game Scores & Validity
• verb
To set a grounded, stranded, or sunken ship or boat afloat again, or for such a vessel to become afloat again.
"Tugboats worked through the night to refloat the cargo vessel after it ran aground on a sandbar."
To issue shares in a company on the stock market again, or to restore a struggling business or economy to solvency and activity.
"The private equity firm plans to restructure the retailer and refloat it on the stock exchange within three years."
To allow the exchange rate of a currency to fluctuate freely on the foreign exchange market again after a period of being fixed.
"The central bank decided to refloat the national currency once foreign exchange reserves had stabilized."
• noun
An act or instance of returning a grounded or sunken ship to a floating state, or of reintroducing a company's shares to the stock market.
"The salvage team planned the refloat of the stranded ferry to coincide with the highest spring tide."