covered with water; "the main deck was afloat (or awash)"; "the monsoon left the whole place awash"; "a flooded bathroom"; "inundated farmlands"; "an overflowing tub"
If someone or something is afloat, they remain partly above the surface of water and do not sink. They talked modestly of their valiant efforts to keep the tanker afloat
If a person, business, or country stays afloat or is kept afloat, they have just enough money to pay their debts and continue operating. They are borrowing just to stay afloat, not for investment. = solvent