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

Category: F

FORM 10-Q

Every 4 months this document summarizes a company’s performance, instead of monthly. Contrast to the Form 10K,

FORMULARY

1. Used to solve a particular problem, like degreasing, or to identify proper mixes of a particular active ingredient, like a specialized surfactant, or chemicals made and owned by a particular manufacturer,

FORWARD FOREIGN EXCHANGE (FX) CONVERSION

An ARBITRAGE strategy in the FOREIGN EXCHANGE market to take advantage of mispricing in currency FORWARDS. The conversion occurs when forwards appear CHEAP, and is created by buying a forward, selling a

FORWARD PROCUREMENT

Using volume discounts or hedging against possible shortages. Stocking up beyond typical needs. Refer to hedging.

FOUNDATION EXCLUSION CLAUSE

Fire insurance section that calculates a property’s total loss value by excluding the value of a property’s foundation.

FRACTIONAL EXPOSURE

The amount of future CREDIT RISK inherent in an OVERTHECOUNTER DERIVATIVE transaction, typically combined with ACTUAL EXPOSURE to determine total credit exposure. The amount of fractional exposure in a derivative is dependent

FRANCHISER

An entity (a company or producer) with a market model for its products or services to be franchised. The franchising entity maintains a number of controlling factors related to the franchise. The

FREE CARRIER [NAMED PLACE]

Term of sale whose charges only get goods into the custody of the carrier at a place named by the buyer. The price invoiced or quoted by a seller includes only those

FREE MONEY

Keeping some firms afloat using drawbacks, grants, subsidies, tax breaks, and other such means. Intended to bolster depressed area with (1) jobs, (2) specific industries like agriculture or defense, (3) research and

FREE TRANSFERABILITY OF INTEREST

One party selling or giving its ownership to another party. No permission is needed is this is a fractional ownership. For example, a part-owner of company sell his/her portion to another entity,

FREE-REIN LEADERSHIP

Subordinates are un-supervised, proving their worth by their accomplishments. Supervisory criteria is non-existent. Only goals and objectives are stated.

FREIGHT-IN

Supplier-to-departure transportation costs. Part of the final, total transportation costs of the shipment.

FRIENDLY LOAN

An often verbal, otherwise undocumented, or un-witnessed, risky agreement between associates, friends or family members.

FRONT END SEPARATION

Resource recovery or recycling of hazardous or polluting materials removed from a waste stream in a pollution control system. Also refer to backend separation.

FTP SITE

File transfer protocol (FTP) storage location. Computer/server site used to download or upload files electronically transferred. Used heavily in internet activities. It is not a website or a user interface as there

FULL COST

All-inclusive direct, indirect, and investing costs for all resources used or consumed in production.

FULL SERVICE CONTRACTOR

Architecture, engineering, inspection, management, procurement, and waste disposal are a partial list of services provided with a firm or person who provides such a contract. One who can fulfill all requirements.

FUNCTIONAL DECOMPOSITION

Grouping a mixture of varied items into classified or typified sets based on what each does. Also the action of identifying greater detail of actions in a process. Each level down drives

FUNDAMENTALS

Core, foundational attributes of an entity, be it a person, a company, or a nation. For a company, considered as true measures of a firm’s earnings potential and of the future value

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