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

Category: F

FEEDER AIRLINE

A carrier that brings travelers from destinations not served by the larger carriers. It brings them to a main hub.

FICO SCORE

A credit score used for mortgages for borrower ability to pay. It is short for fair isaac corporation.

FIELD UNDERWRITING

The first decisions of an insurance agent about the possible client to see if they meet underwriting standards.

FILM

A material that is .25 mm thick. Anything thinner is foil. The thicker stuff is a sheet.

FINANCE COMPANY

An organization that takes deposits and lends to a consumer or businesses.

FINANCIAL COVENANTS

The conditions of a loan contract that lets management stay in limits of a firm’s operations.The borrowing firm promises to adhere to the limits put before them in order to keep the

FINANCIAL INFORMATION EXCHANGE (FIX)

An open source that is free. It exchanges data on security transactions with a messaging standard so it is done in real time. It promises a flow of financial information across borders.

FINANCIAL PROJECTION

The predictions for future profit and expense for an organization or country. History, internal information, cost data, and other things are considered to get this figure. It generates a picture of where

FINANCIAL STATEMENT ANALYSIS

To look into the status of a company. Accountants do several things to get to a decision. Some profit and loss analysis, oversee management, and make statements to name a few.

FINANCING STATEMENT

A document a lender files for interest once property is used as collateral. It is a matter of public notice.

FIRE RESISTANT

A material that is very hard to light on fire and will not fail. The fire will not get past a certain temperature for a certian amount of time. AKA fire resistant.

FIRST NOTICE DAY

The first day of the month a notice is issued to sellers in a clearing house.It is intent to deliver and fulfill contracts. This is all done relating to futures trading and

FISCAL DRAG

A restraing on a fast growing economy under changing tax laws. The more you make the more you are taxed. Refer to automatic fiscal stabilizers. This happens when you move up a

FIVE C’S OF MARKETING

The way analysis on a market is done. It involves company, customers, competitors, collaorators, and climate. The elements are related to the many areas of business and marketing decisions.

FIXED CHARGE COVERAGE RATIO

The times interest and lease expenses are paid by earnings. It shows the margin of safety based on how likely the borrower is to default. If it is a high ratio than

FIXED TERM TENANCY

When tenancy expires at the end of the lease. A new landlord does not change this. It is also not changed by the property changes or destruction that occurs. AKA tenancy for

FLASH PRICE

The current price of a security; during very heavy volume sessions on an EXCHANGE, quote tickers become delayed with

FLEXIBILITY

How a system can change in a range and time frame. It applies to manufacturing.

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