Yes float Means eligible for upper choices .
Slide means eligible for choices in the same college for upper choices .
Freeze means locking the choice.

You are very much in the game alive.
Best of luck

Hello, 

Read the manual and you will understand better

Also, if you have kept the status as float, you will be given another allotment

All the best 

Hey Simran,

Choices will be automatically locked, and if you choosed float option then it will be applicable for all the consicutive rounds of counselling.

Good Luck!