Category: F

A phrase meaning that the transaction has occured and is finished. It is an official term used on bills of exchange. The signing parties are all prima facie and are thereto for

A process where an exporter sells to a BANK or specialized financial institution a PORTFOLIO of discounted longterm ACCOUNTS RECEIVABLE or PROMISSORY NOTES (generally backed by guarantees from the importer

1. A definitive arrangement or pattern, often for a visual representation of display. An example is military aircraft flying in echelon or a diamond. These are set formations. 2. Putting together or

A commodity or financial instrument bought or sold at market or spot price today by binding contract. It is delivered on a stated future, or forward, date. This settles the contract. In

Unbiased predictor of impending spot exchange rates. Currency trading theory. Predicts forward exchange rates for any one currency.

A projection tool for managers based on current financial figures but does not display these same current financial figures. Projected future sales and expenses are shown, based on the financial. Presented as

Specialist firm (the fourth party) hired to coordinate two or more third-parties’ activities. An entity contract operational logistics to these outsourcing third-party specialists.

Telecommunications technology splits a data stream into packets called frames to meet efficiency transmission expectations. An example are speeds of 64 kilo bits per thousand (Kbps) to 2.4 giga bits per second

Free from any claim, defect, encumbrance, or restraint. Applies to Property Title.

Includes carriage plus cost of offloading per port custom and excludes loading cost plus stowage and lashing cost, as required. Together this is the freight rate.

In contrast to being in a mall or shopping center, a retail store singly on a street.

Real property retained as owner, but by fee.

Shipment charges applied to a carrier’s invoice. Known also as freight invoice.

Advertising program by a hotel or motel chain for rewarding repeat travelers with rewards toward free stays, upgrades, and other goods and services. Also refer to frequent flier program.

The facing part, or start, or leading point in an interface.

Bank account legally suspended. No monies can go in or out. Until its legal beneficiary or a heir is appointed, declared, or found, a deceased customer’s account is automatically frozen. Such an

(1) exact transaction copy; (2) sufficient to satisfy the need for retention; (3) authentic, undistorted evidence of being what it says it is; (4) complete with all information needed to represent the

No-loss lease. Leased asset or property seller or owner or lessor recovers the full cost of the item. This includes the original cost plus profit margin, interest, and other cost no matter

The ratio of total paid hours during a period to the total of working hours in that period. (part time, full time, contracted) . Typically done for a Monday-to-Friday period covering part

1. Grouping of individuals in the organization, on the basis of the business work each performs. 2. Grouping of activities or processes based on their need to accomplish one or more tasks,