The Law Dictionary

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

Category: F

FLOWCHART

A summary of choices and flows from start to finish. It is done in pictures to show where waste and error are occuring. It is one of the seven quality tools. It

FOCUS STRATEGY

When a company focuses on getting into a new market or industry.

FOOD & DRUG ADMINISTRATION (FDA)

The agency that handles safety for food and cosmetics. It also looks at drugs and their use. They regulate new drugs, standards, and restrictions.

FOOT TRAFFIC

The people who visit a business not in a car. They walk to the desintation. They are exposed when they walk past an establishment or drive by it.

FORCED SAVING

When less disposable income is spent due to a lack of the goods that are desireable to the customer. It causes prices to go up and more good to flow into the

FOREIGN EXCHANGE RESERVES

The countries gold holdings and foreign currency in banks. It includes special drawing rights and exchange reserve balances with the IMF.

FORENSIC AUDIT

Using accounting methods to get forensic evidence. It is used for criminal acts like fraud or embezzlement. AKA forensic accounting

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

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

FRANCHISE FEE

An upfront fee paid to use a brand name or privately-held method of providing certain goods or services.

FRAUDULENT BILL OF LADING (B/L)

Protection against loss due to theft of cargo through fraudulent documents, or fraudulent use of legal documents. Marine insurance policies section.

FREE PORT

Imported merchandise may be stored duty-free pending re-export or duty-paid entry into the importing country in this free-trade zone around a port area. Examples are Hong Kong, Isla Margarita, Panama, and Singapore.

FREEDOM OF CHOICE

Unfettered right to do what one wants when one wants as one wants, except where it infringes or prevents another from doing what that one wants, and do so on. Also excluded

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This site contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.