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

Category: F

FLIGHT CAPITAL

Money that leaves the country and never returns. A lack of confidence in the economy, high taxes, persecution, or discrimination causes this. It can be illegal or legal money.

FLOATING CHARGE

A mortgage on an asset that changes in quantity or value to make sure the loan is repaid. No charge is listed for the owner. If default happens the asset is frozen

FLOTATION COST

The expense a company bears in issuing new securities, typically computed as the difference between the price received by the company on an issue and the amount charged to investors (the UNDERWRITING

FOAM THE RUNWAY

When extra funds are sought to save a company from going under. It prevents the claiming of bankruptcy.

FONT CACHE

The printer’s solid state memory on hard drive for temporary storage of fonts.

FOOT OF HEAD

An old unit of water pressure. It is .43 psi, 29.90 millibar, and .88in mercury.

FORDISM

The idea that aims for higher productivity using standardized means to makes tasks smaller and achievable. A conveyer belt or assembly line is commonly used.

FORM SDF

Shipping bills accuracy, completeness, and compliance is attested by exporters to customs authorities by submitting this form. An exporter confirms the buyers payment is equal to the full export value stated on

FORTRESS APPROACH

to disaster proof a facility or position, every possible precaution is taken as a part of a risk avoidance approach.

FORWARD FORWARD

A FORWARD transaction that is contracted to start at a future date. See also RATE, FORWARD RATE AGREEMENT.

FORWARD RATE AGREEMENT (FRA)

A single period FORWARD contract on INTEREST RATES that does not involve an exchange of PRINCIPAL; at maturity the parties simply exchange the differential prevailing between the interest rate and the rate

FOUNDATION METHODOLOGY

A creditbased CAPITAL ALLOCATION process promulgated by the BANK FOR INTERNATIONAL SETTLEMENTS (BIS) under the INTERNAL RATINGS BASED (IRB) APPROACH. BANKS use internal models to determine a COUNTERPARTY

FRANKED DIVIDEND

The issuer’s tax rate and dividend amount are considered in this Australian method of avoiding double taxation.

FREE ON BOARD (FOB)

1. Up to getting goods on ship in the port of departure as specified by the buyer, all charges are included. Known also as collect freight, freight collect, or freight forward. Price

FREEDOM OF ASSOCIATION

Right to be with other people for a legal reason, cause or purpose, with no bias or interference. A government may be required to allow its citizens to join a particular organization.

FREEWARE

No-cost software, free for download distribution. Typically has no manual, warranty, or upgrade option. Often can be freely redistributed without any charge or fee, but, its copyright remains with the original writer

FRENCH SERVICE

Partially cooked food from the kitchen on a cart gets final cooking in front of the guests. It is served by a waiter or waitress. Each guest helps himself or herself. Also

FRIENDLY SOCIETY

In the United Kingdom, a mutual institution for savings and life INSURANCE that is owned and operated by its members; the organizational structure of the friendly society conveys certain tax advantages to

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