The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

Category: F

FEDERAL RESERVE SYSTEM

The US CENTRAL BANK system, created in 1913 via the Federal Reserve Act, comprised of 12 FEDERAL RESERVE BANKS, the FEDERAL RESERVE BOARD, the FEDERAL OPEN MARKETS COMMITTEE, and member banks (which

FEDEX

The shipping company of federal express in the US.

FEEDER FUND

An investment that passes through for a larger investment plan.

FICO SCORE

A credit score used for mortgages for borrower ability to pay. It is short for fair isaac corporation.

FIELD RESEARCH

An activity that collects data by many means like phone and mail surveys.

FILE INTEGRITY

When a computer file is not changed or deleted and is stored the same way since starting.

FINAL ASSEMBLY

The end result of customer orders. It is the last stage before shipping.

FINANCIAL ECONOMICS

Economics that focus on time, opportunity cost, and other risks that are related to a financial decision. It looks at the decision under uncertain conditions.

FINANCIAL LEVERAGE

Using borrowed money to get more production and thusly profits. It is a ratio involving the total loss and total debt. The higher the debt the more the leverage a company has.

FINANCIAL TIMES STOCK EXCHANGE (FTSE) 100

The BENCHMARK index of the London Stock Exchange, comprised of 100 LARGE CAP STOCKS representing a broad range of industries. The FTSE 100 can be traded directly through EXCHANGETRADED FUNDS and DERIVATIVES.

FINE PRINT

A small type size that contracts and policy are sometimes printed in. The print is small as it relates to rules, deductions, exlusions, and reductions of a policy. It is smaller print

FIRE POINT

The temperature that liquid will become flammable for at least 5 seconds. The vapors ignite in this process. Refer to autoignition point and flash point.

FIRST-IMPRESSION ERROR

When a manager assesses an employee based on the first impression. The application and other information is ignored.

FISCAL YEAR-END

A 12 month accounting period for a firm. It is not necessarily the same as a calendar year end of December 31st.

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