<![if !vml]><![endif]>Floated barrel. Note clearance between barrel and forestock. Easy to manufacture and often resulting in an accurate rifle. Test, by running a $10 bill around the underside of the barrel from the forend tip to the front receiver ring. The bill should not bind at any point.
Non-floated barrel. Achievable only with stable, quality, well-seasoned wood---and consummate stockmaking ability. Done well, accuracy can be every bit as good as a floated barrel.
Floated barrel - A rifle barrel mounted firmly to the receiver (which, in turn, is mounted firmly to the stock) but not touching the forend. Done so that the stock will not adversely effect accuracy by impinging upon the natural free vibration of the barrel when the rifle is fired.
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