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

Category: F

FUTURE BACKWARD

Scheduling technique where a specific project completion date, possibly years in the future, must be met. From that future date back to current time, the steps and the durations needed are calculated

FAMILY LIMITED PARTNERSHIP

Business partnership putting control in the family. Each generation gets the rights. It avoids taxes and gets more benefits from a limited partnership.

FASB 157

A rule of the FASB that controls companies that trade in public markets. It goes according to trading status.

FED WIRE

An electronic network connecting the FEDERAL RESERVE BOARD, the 12 FEDERAL RESERVE BANKS, the US Treasury and US agencies, which is used for immediate payments, FEDERAL FUNDS transfers, and TREASURY NOTE, TREASURY

FEES EARNED

A payment for services of a contractor or conductor. It records as income by the consultant and an expense of the paying company.

FICTITIOUS GROUPS

Making groups for purchasig insurance. They are not allowed to be insured by law.

FIFO

An abbreviated for of a FirstIn or FirstOut.

FILTERING DOWN

The last stage of development with less skill needed. It is made into step by step routines and increasing production.

FINANCIAL CRISIS RESPONSIBILITY FEE

A federal tax for firms that get funds from the Troubled Asset Relief Program. It recovers the cost of economy stabilization in a recession of 2009 to 2010 for the government.

FINANCIAL INSTRUMENT

A document with monetary value and is legally enforceable.It can be a check, bill, bond, or contract that two parties or more agree to the payment of. Refer to debt instrument, equity

FINANCIAL REPORT

Documents made by the government at the end of an accounting period. It summarized accounting data and notes on that period. It also has background notes, forms, and any other relevant information.

FINANCIAL SUPPLY CHAIN

When trading partners are connected from the order being placed to the payment. It shows the flow of information and funds opposite off the flow of goods and services model.

FINE PRINT

A small type size that contracts and policy are sometimes printed in. The print is small as it relates to rules, deductions, exlusions, and reductions of a policy. It is smaller print

FIRE SALE

Selling assets at a discount to get a quick sale and avoid disaster or settle debt. This is done a deep discount in case of emergency. The collateral is valued at fire

FIRST STAGE CAPITAL

Money for an entrepeneur for a business idea.It is used to start a business or product. But it does not get used on buying and market expansion.

FISCAL IMBALANCE

When future debts are different fromm the income the government needs to cover it. It will be discounted at a risk free rate with spread added.

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