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

Category: F

FIBER OPTIC TRANSMISSION

Sending signals as pulses of light through a media to get the most of it. The most possible is 2 trillion b/s. It is immune to static and is secure as well.

FIELD SERVICE ADVICE

A memo about a rulig on taxes by the IRS that a tax payer asked for. It is done by guidelines and is binding but not legal precedent.

FILING HIERARCHY

Arrangement of files in a system that stores them as principle of subordination. It uses high and low criteria.

FINANCIAL COMMITMENT

Commiting to a big expense in the future. They are liabilites and are on a balance sheet even if its not yet happened. When it happens it will be a liabilty. Refer

FINANCIAL IMPACT

A cost or profit loss that happens due to disaster that is beyond control. This can be due to disaster, market conditions, or product failure.

FINANCIAL PLANNING

A long term profit planning that gets more profit and solves problems that exist.

FINANCIAL STABILITY PLAN (FSP)

A plan to stablize the economy used in the US in 2008-2009. It was intended to solidify the banking systems, stock market, and mortgage markets. It was administered by President Obama.

FINANCING REQUIREMENT

The money needed to start any plan or project. The money reported can be projected or actual.

FIRST LOSS

In an INSURANCE or REINSURANCE arrangement, the position that absorbs the initial losses arising from damage or destruction. The first loss position can be created through a DEDUCTIBLE where the INSURED bears

FISCAL AGENT

A party that is an agent for a principal. They pay rent, distribute dividends, adn pay debts as well as other responsibilities.

FIST TO FIVE

A dispute resolution way to show agreeance. The fist is shown with the appropriate fingers of the amount of agreement and understanding. A 0 is a fist and an open hand is

FIXED BUDGET

A plan that doesn’t change no matter if there is a change in output.

FIXED RATE LOAN

A loan contract with interest and payment amount that is the same through the life of the loan. AKA fixed rate mortgage.

FLASH MANUFACTURING PMI

The responses to a survery from managers. It shows the economic conditions in an area. It is a report that uses 85% of the surveys taken.

FLEA MARKET

A market that uses vendors to trade merchandise for money. It is outdoors and may have a small fee to enter. It came from a Frenc term from the 1920s suggesting that

FLEXIBLE SPECIALIZATION

When a firm has multi use equipment and multi tasking employees to adapt to market changes. The changes are fast and the company must change to continue to function and profit.

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

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