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

Category: F

FRONT END RATIO

A ratio among several used by lenders to determine an applicant’s financial ability to pay back a loan. Contrast to the back end ratio as only applied-for loan installments are considered. The

FRUSTRATION OF CONTRACT

Legal termination of a contract. Forgives non-performance. Except where contract terms override this implied legal provision, it automatically discharges the contract. It is not acceptable as an reason against foreseeable circumstances. It

FULL CONTAINER LOAD (FCL)

A shipping container, under the risk and account of the shipper or consignee, being a standard twenty or forty foot, completely loaded and unloaded. Attracts lower freight rates in contrast with loose,

FULL SERVICE BROKER

Total-service provider firm or person, Executing orders, and giving investment advice are typical services. Basing research on specific items can be an additional fee. Contrast discount brokers.

FULLY DEPRECIATED ASSET

Valuation of useful life expenditure of an asset equals the over-time time-bound spread-of-cost of that asset. Worth only as salvage.

FUTURE ADVANCES CLAUSE

An agreement within a mortgage allowing a borrower to get more money and increase a mortgage principal without redoing all existing paperwork on the existing mortgage. P

FAMILY LIFE CYCLE

An idea that tries to show the effect of time on a family through phases that are reflected in the income and consumption.

FATIGUE STRENGTH

The cycles of stress a character can take without failure. The environment can affect this. AKA fatigue limit.

FED

A nickname for the Federal Open Marked Committee or Federal Reserve System.

FEEDER FUND

An investment that passes through for a larger investment plan.

FICTITIOUS ASSET

An asset made by accounting tha is not tangible but represents cash. It creates a fake asset that is written off ASAP.

FIELD WAREHOUSING

A mortgage that a lender gets a loan with a lien. The access is controled by the lender that releases the goods when paid.

FILTERING

Presentation of information to make it seem favorable.

FINANCIAL CRISIS

When the money supply cannot keep up with the demand for it. It means that money is no longer as liquid as it used to be. The effects banks because the funds

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