Usually means: Expense incurred issuing new securities.
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We found 7 dictionaries that define the word flotation cost:

General (3 matching dictionaries)
  1. flotation cost: Wiktionary
  2. flotation cost: Dictionary.com
  3. Flotation cost: Wikipedia, the Free Encyclopedia

Business (4 matching dictionaries)
  1. MoneyGlossary.com (No longer online)
  2. FLOTATION COST: Accounting Glossary
  3. Flotation Cost: Investopedia
  4. Flotation (rotation) Cost, flotation cost: Financial dictionary

Definitions from Wiktionary (flotation cost)

noun:  (British, finance) The selling cost or distribution cost of issuing new securities.

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