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

Category: F

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.

FOOD CHAIN

How organisms eat in an ecosystem. Each feeds on another to survive. The first link is the producer that all others feed from. It creates a network called food webs that represent

FOR PROFIT ORGANIZATION

A business that only wants to make profit and has no community ties. It can be a store or restaurant just to name two of the possible companies. Most businesses are of

FORESIGHT

A judgement about a future event that has not yet occured. The past and current knowledge can help with this. Of it can be intuition. A party that can get a sense

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