Definitions for "Neutral Buoyancy"
When an submerged object is equally dense as the water around it, it is said to have achieved neutral buoyancy, which means that it will neither rise nor sink.
neither floating nor sinking at any "chosen" depth
Describing a plug that neither sinks or rises when the retrieve is stopped. Impossible to get exactly right because of variations in weight of leaders, buoyancy of line, density of water at different temperatures, and wear and tear on the plug. Luckily, nearly right is usually fine, allowing the plug to suspend, hardly moving, sometimes very effective for pike.