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

Category: F

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 ASTRAY

Shipping term. Package or consignment misrouted or has strayed. The carrier must deliver to its correct destination with no additional charges if the item is traced and this mistake is the carrier’s

FREE TRADE

Buying and selling, importing and exporting of goods and services, not capital or labor, that has no limits or quotas or barriers or unbalanced tariffs.

FREELANCE

Self-employed, contract work for one or more companies. Person is able to select the work and the company to work for. Also, unfettered submittal of work to many potential buyers. Contrast to

FREQUENTLY ASKED QUESTIONS (FAQ)

Method of providing repeatedly-requested information to consumers who have typical, repeated questions. Reduces the burden on customer service allowing focus on unique, particular questions. Also provides self-training to a new member, recruit,

FRONT END APPLICATION

Typically the main module of a software program that initiates user interaction with a computerized capability. The display is usually an initial screen of a website that a user sees. Also refer

FROZEN ASSET

Asset that cannot be sold or used as legal leverage due to a legal ruling. Owners of such assets are notified in writing of the situation and ruling. The asset remains unusable

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