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

Category: F

FILE SERVER

A computer used for storing data made by other computers.

FINAL OFFER INTEREST ARBITRATION

When an arbitrator has to choose between the final positions of the parties involved. It hopes that both parties will be reasonable. They split the difference.

FINANCIAL HEALTH

How to measure the financial fitness of a party to cover expenses of daily life with their income. It also covers how other expenses are paid by income for an individual.

FINANCIAL OBLIGATION

The requirement to pay money to another party once it has been borrowed. It also happens in legal cases. AKA liability.

FINANCING COST

The cost of getting a loan. It is different than the price of equity capital.

FINITE QUOTA SHARE

A FINITE REINSURANCE agreement where the REINSURER agrees to pay, on behalf of the CEDING INSURER, a fixed or variable proportion of CLAIMS and expenses as they occur; ceding commissions and investment

FIRST-PAGE-OUT TIME

The time it takes a computer to print a document after the data is recieved. It depends on complexity, color, graphics, memory,size, time to start, and time to warm up the printer.

FISHER EFFECT

When inflation is steady the nominal rate changes in step with it. It is named after Irving Fisher.

FIXED ASSET MANAGEMENT

Managing fixed assets that cannot be changed into cash value in a fast time. A tag is used to manage it for easy organization and accounting. Serial numbers or barcodes are used

FIXED INCOME TRUST

A trust where trustees have no power of distribution and must follow the instructions of the testator.

FLAMMABLE SOLID

A solid that can catch fire by friction, moisture absorption, chemical change, heat retained by a process or manufacturing, and ignited easily. It burns so well that is a serious hazard.

FLAT ORGANIZATION

The way an organization with no middle man runs. The top of the ladder works with the lowest rung. Most of all of the middle management levels have been eliminated.

FLEXIBLE PRICING

Selling by having open prices allowing for negotiations. This is done in an agreed upon range of prices.

FLIP OVER PILL

A POISON PILL that allows existing shareholders of a company that is the subject of a TAKEOVER to buy the acquiring company

FLUE GAS

Gases from a chimney or burner. They can have many pollutants in it like carbon, nitrogen, and sulfur.

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