The crossword solution for the term 'IT MIGHT BE FLOATING' is RATE, which is a four-letter word. RATE is a noun that refers to the speed or frequency of something, such as the RATE of a river's flow or the RATE of a person's heartbeat. It can also refer to the cost of something, such as the RATE of a hotel room or the RATE of a loan. In this case, the term 'IT MIGHT BE FLOATING' could refer to the RATE of a boat or other floating object.