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TeachMeFinance.com - explain floating mine floating mine 'floating mine' is an military term meaning '(DOD,NATO) In naval mine warfare, a mine visible on the surface. See also free mine; mine; watching mine'. Previous 5 Terms: flight surgeon flight test floating base support_ floating craft company _ floating dump- Next 5 Terms: flooder flotation fly-in echelon_ follow-up _ follow-up echelon- Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.