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

Category: F

FIBERBOARD

1. a term for corregated paperboard that containers are made of. 2. a compressed material for building that is durable and strong. AKA insulation board.

FILL OR KILL (FOK)

Instructions for the order to be cancelled if it cannot be done fast. It doesn’t allow a partial fill.

FINANCIAL CONTAGION

When a faltering economy in one country makes other economies have problems as well. It happens to nieghboring regions. It is a big problem in a troubled economy for business partners. Refer

FINANCIAL INFIDELITY

When a spouse tries to hide something that affect a couple’s financial future. This also applies to a civic union if the couple is not married traditionally.

FINANCIAL PRIVACY

Rights protecting consumers from government access to account information. It is to be kept away from the third party with no authorization from the party that has power over the information.

FINANCIAL STATEMENT

A report showing the firm’s funds. It shows how invested funds are being used by a firm. It shows the current position of a company. It can be a balance sheet, income

FINANCING SQUEEZE

An event that happens in bad economic conditions when borrowers are not given credit. Or they get credit at a higher rate because of the restrictions on lending of a bank.

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.

FISCAL CAPACITY

How a group gets revenue. It can relate to government and other factors like income and the capacity of an industry. It is used to create fiscal policy.

FITNESS FOR USE

The effectiveness of a design plan for manufacturing a good or service.It should fit the purpose and assume certain conditions of making such a product. AKA fitness to use.

FIXED CHARGE

A mortgage on an asset to get repayment. The asset is signed over to the creditor so they can sell it if they must.A charge is registered for the asset by the

FLASH PASTEURIZATION

Preserving a liquid by heating it to 70c quickly and keeping it there for 20 secs and cooling it fast. It kills enzymes, microorganisms, and reduces changes in chemistry and physical traits.

FLEX OPTION

Something that has no standard conditions but lets the customer or a broker negotiate terms like an expiration date or strike price.

FLEXIBLE STAFFING

Employment with different types of contracts for the employees to choose from. It dictates their employment.

FLIPPING HOUSES

When an investor buys real estate cheap and fixes it to sell it at a higher price. It is common to buy old and foreclosed homes. A contractor may do the work

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