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

Category: F

FINANCIAL ECONOMICS

Economics that focus on time, opportunity cost, and other risks that are related to a financial decision. It looks at the decision under uncertain conditions.

FINANCIAL LEVERAGE

Using borrowed money to get more production and thusly profits. It is a ratio involving the total loss and total debt. The higher the debt the more the leverage a company has.

FINANCIAL TIMES STOCK EXCHANGE (FTSE) 100

The BENCHMARK index of the London Stock Exchange, comprised of 100 LARGE CAP STOCKS representing a broad range of industries. The FTSE 100 can be traded directly through EXCHANGETRADED FUNDS and DERIVATIVES.

FINENESS

1. the purity of precous metal. It is marked on the metal it self. 2.the measure of fiber size. It can be denier, tes, micrograms per inch, or fiber width

FIREFIGHTING

The short term fix for a problem instead of addressing it and solving it in a more long term fashion.

FIRST TO FILE RULE

When the parties in a law suit live in different jurisdictions.The first to file gets to have the home court advantage. Their judge will be local and they will have little travel

FISCAL RECORDS

A document that establishes an audit trail. It can be a bill, receipt, voucher or other document. It shows how money is spent to make a followable trail.

FIVE YEAR RULE

A different plan for getting distributions to a plan holder that dies before the start date. They get funds and are paid by the 5th year after death. This is not a

FIXED EXCHANGE RATE

A system of a countries currency comparing it to other currencies. A fixed rate is used that the government decides on. It is the opposite of floating exchange rate.

FLAG OF CONVENIENCE

A ship that is registered under the laws but is not registered to the mother country it came from. This is done fr lower taxes or leniency in requirements that cut costs.

FLEXIBLE FACTORY

A place that is made to do a variety of things and change with demands over time. an auto plant is an example of this. Refer to focused factory.

FLIGHT LEG

The part of the flight that is taken up by changing flights. AKA flight segment.

FLOATING EXCHANGE RATE

A system when a currency value changes by market demand and supply. The government has no control over this. Central banks do try to defend the rates in a range by buying

FLOTATION COSTS

The expenses with a new security. It is higher with the larger offering because of risk.

FOB DESTINATION

The location at which a customer must pay the charges to get the goods.

FONT FAMILY

A collection of type face of all kinds that are made to work together. They have the same size. It can be the roman family for example.

FOOT POUND

An old work unit. It is 1.36 joule, .32 calorie, and 0.0013 btu.

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