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A flood is an overflow or inundation that comes from a river or other body of water and causes or threatens damage. It can be any relatively high streamflow overtopping the natural or artificial banks in any reach of a stream . It is also a relatively high flow as measured by either gauge height or discharge quantity.
Source
http://www.mnr.gov.on.ca/en/Business/Water/2ColumnSubPage/STEL02_163778.html