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

Category: F

FIVE S’S

Clean up in Japanese business. It is Seiri, Seiton, Seiso, Seiketsu, and Shitsuke. The process starts with the cleaning things seperatley or discarding them and requires additional organization to help the workers

FIXED COST

The cost that is unchanged but comes up periodically. The output and revenue do not affect it. It could be depreciation, insurance, interest, rent, salary, and wages.

FLAT BENEFIT FORMULA

The months employed and the monthly rate for employer contributions on a benefit plan. It uses the months of service and multiplies it by the predetermined monthly rate.

FLEXTIME

A work schedule that lets a full time employee choose their hours. It is done within limits and is done before core time is scheduled for all employees.

FLOATING ASSET

An asset that changes in many ways. It can be quantity, value, accounts receivable, inventory, or shares outstanding.

FLOTATION

When a firm sells to the general public on the stock exchange.

FLY ASH

Solid matter that isn’t combustable and expells gas from the burning process. It can contain toxins like dioxins, lead, and mercury.

FOMC MEETING

When the FOMC meet 8 times a year. All 24 members meet and present on issues and trends to make important decisions about the open market. There are 12 directors that are

FOOT IN THE DOOR

Getting a person to agree by asking them for something small first than something bigger. Salespersons use this to get their foot in the door. A small request is more likely to

FORCING

Changing costs from sustaining to cost object activity.It is done when the cost is not related to the activity being done. It can be used in plants to maintain costs from the

FORM S-1

A private company specifies its intention to publicly sell its stock on this Securities & Exchange Commission (SEC) filing. Refer to Initial Public Offering (IPO).

FORRESTER RESEARCH CUSTOMER EXPERIENCE INDEX (CXPI)

Using survey response about dealing with companies meeting consumer needs and enjoying easy interaction. The survey contacts about 5,000 customers. The data summarizes experiences with companies as a consumer sentiment indicator.

FORWARD FOREIGN EXCHANGE (FX) REVERSA

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

FORWARD RATE

(1) The rate quoted for future delivery of an ASSET, used in the calculation of FORWARDS and FUTURES. A quoted forward rate may reflect a FORWARD PREMIUM or FORWARD DISCOUNT. (2) See

FRACTIONAL OWNERSHIP

Ownership of an asset by more than one person. The reasons for this approach are many. Allows obtaining an asset beyond the financial capabilities of an individual. Disperses control and accountability of

FRANCOPHONE COUNTRIES

Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Comoros, Congo, Equatorial Guinea, France, Gabon, Cote d’Ivoire, Mali, Niger, Senegal, and Togo are countries where French is the common language.

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