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

Category: F

FINANCIAL YEAR

A period that starts any day of the year but must end in 12 months. It is used to show accounting books that compute reports of a companies status. It may not

FINISH

The quality of a surface after it is treated, calendaring, dyeing, machined, or polised. The finish can vary in brighness, color and texture.

FIREWALL

1. laws that make a bank seperate security underwriting from deposits or loan activities. The deposits are safe from being used in ventures so it complies with te US Glas Steagall act

FIRST WORLD

A dated reference to advanced industrialized economies.

FISCAL YEAR

1. the UK 12 month time on a governments yearly budges. AKA tax year. 2. the US term for financial year.

FIXED FACTOR

An input factor that won’t change in a period of time.

FLAME SPREAD RATING

A measure of how far flames spread and how fast. The rating can affect how you build a house. It is based on a scale using asbestos cement board with a 0

FLAT DATABASE

A database with one large table. This different from many tables with a relational database. It is flat due to the 2d structure that cannot show complex data. AKA flat file database

FLEXIBLE MANUFACTURING

The way of planning for the changes and demands in a product to make a good. It can use machine flexibility or routing flexibility. Machines can either do more than one thing

FLIGHT TIME

The time when an aircraft is in the air. AKA wheels off to wheels on time.

FOCUS GROUP

1. a small group of people to focus on a topic. It better represents a population than individual surveys. 2. using more than one person to solve a problem and offer solutions

FOOD & DRUG ADMINISTRATION (FDA)

The agency that handles safety for food and cosmetics. It also looks at drugs and their use. They regulate new drugs, standards, and restrictions.

FOOT TRAFFIC

The people who visit a business not in a car. They walk to the desintation. They are exposed when they walk past an establishment or drive by it.

FORMAL CONTRACT

Legally enforceable contract. Use of a prescribed format and containing standardized conditions and provisions in its text makes it formal, makes it legally enforceable.

FORTUNE 1000

The top 1000 largest US public and privately-held companies are listed based on reported revenues. It is an annual ranking by Fortune magazine.

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