A section of a building between horizontal planes. A term used metaphorically, in parliamentary practice, to denote the exclusive right to address the body in session. A member who has been recognized by the chairman, and’ who is in order, is said to “have the floor,” until his remarks are concluded. Similarly, the “floor of vthe house” means the main part of the hall where the members sit, as distinguished from the galleries, or from the corridors or lobbies.
In England, the floor of a court is that part between the judge’s bench and the front row of counsel. Litigants appearing in person, in the high court or court of appeal, are supposed to address the court from the floor.
Contracts – A “floor”is often used to refer to a bottom or lowest price or level in the same way that “ceiling” may be used to reflect the highest price or level.