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

Category: F

FLIPPER

An investor receiving an ALLOCATION in an INITIAL PUBLIC OFFERING, ADDON, or NEW ISSUE that sells the securities several hours or days after issuance to lockin a shortterm capital gain. Also known

FLOOR BROKER

A stock exchange memeber that executes orders for another party. Refer to floor trader.

FLUORIDES

A gas with flourine that is caused by manufacturing. It is harmful and can affect humans, plants, and animals.

FOLLOWER ADVANTAGE

The leverage a firm can get for long term competition due to its late entry in the market. It can get clarification, knowledge, opportunity, distrubution, and pioneers mistakes that have previously been

FOOD LABEL

A panel on labels with the nutritional values for that item. It lists the items facts and ingredients as well as vitamin content.It is based on the 2,000 calorie diet. The values

FOR YOUR INFORMATION (FYI)

Noting something about an item to make it more interesting to the target group. It can be a memo for a special audience.

FORGERY OR ALTERATION COVERAGE FORM

Commercial crime insurance. Forgery protection for an insured’s account in case a forged or illegally modified is used to get money from that account.

FORMATTING

Preparing an area for use. This can be a digital storage media or a document. In both cases the area will retain data in a standardized, fixed layout. A particular field of

FORWARD COVER

A hedge against fluctuating adverse exchange rates. Currency sale or purchase at a fixed price on a fixed future date. The purchase is arranged or bought as a contract or option.

FORWARD POINTS

The differential between a SPOT RATE and FORWARD RATE in the FOREIGN EXCHANGE markets. Forward points arise as a result of INTEREST RATE DIFFERENTIALS, market expectations related to currencies and INTEREST RATES,

FORWARD-LOOKING STUDY

Definitive statement about repetitive surveys of a population over a set period of time leading to a summarizing statistical survey.

FPS SYSTEM

Foot-Pound-Second. Replaced since 1960 by the Metric units system world-wide except for a few countries, like the US. Originally a system of units begun in the UK. Known also as imperial system.

FRAMEWORK

Interlinked items supporting an action, a process, an approach. Serves as a guide, modifiable to meet fluctuating objectives. Seen as a broad overview, outline, or skeleton.

FREE BSD

Free Berkeley Software Distribution (BSD). Developed at the Berkeley campus of the University Of California. Available online for downloading at no cost under an open source license. Popular Unix-like computer operating system.

FREE MACHINING

Lower power, improved surface finish, minimizes small metal chips, and longer tool life are machining operations characteristics of such a metal alloy. for example, a free machining type of copper is Alloy

FREE TRADE AGREEMENT OF THE AMERICAS (FTAA)

FTAA members are: Antigua & Barbuda, Argentina, Bahamas, Barbados, Belize, Bolivia, Brazil, Canada, Colombia, Chile, Costa Rica, Dominica, Dominican Republic, Ecuador, El Salvador, Grenada, Guatemala, Guyana, Haiti, Honduras, Jamaica, Mexico, Nicaragua, Panama,

FREEMIUM

A consumer gets basic services for free and premium services are paid for. One example is cable services. Basic is typically free, but the consumer pays for all premium channels. Or, a

FREIGHT COST

The price to transport goods. Packing, palletizing, documenting, insurance, and loading / unloading expenses are included.

FRESH WATER

Water with an average low solids content. Measured at less than 1,000 milligrams or 1 gram of dissolved solids per liter or 1,000 grams or 1 kilogram water.

FRONT END LOAD

1. In Banking, this is beginning cost of a loan, like a mortgage, when interest charges and fees are higher. As time progresses, this cost or interest charge decreases, as seen in

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