The term 'floater' can refer to a variety of things, including a DRIFTER (7 letters), DERELICT (8 letters), HOBO (4 letters), BUM (3 letters), or RAFT (4 letters). A DRIFTER is someone who moves from place to place without any particular purpose or plan. A DERELICT is someone who has been abandoned or neglected, often due to poverty or homelessness. A HOBO is a homeless person who travels from place to place in search of work or shelter. A BUM is a slang term for a homeless person, usually one who begs for money or food. Finally, a RAFT is a flat structure made of logs, boards, or other materials, used for floating on water.