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

Category: F

FISCAL STANCE

The impact on the future economy that taxes and government spending has.

FIXED ACCOUNTING

The way a nonprofit agency runs. Expenses are sent to a specific fund that is made to cover it.The actual revenue is used to pay for any expenses through this fund.

FIXED EXPENSES

Similar to fixed costs. It is a cost that do not include noncash items.

FLAME

Emails sent to an article author with controversial statement. Refer to mail bomb.

FLAT CRUSH TEST

How resistant a flute of corrugated board is when force is applied over a 24 hour period of time.

FLEXIBLE FIRM

When human resources are used flexibly to get the job done. A core group are needed but all others can change things to their needs. A peripheral group is made of employees

FLIGHT NUMBER

A code that identifies a flight in one direction to the destination.

FLOATING LIEN

A general CLAIM against a group of ASSETS rather than a specific asset, i.e., a pool of current and future ACCOUNTS RECEIVABLE or INVENTORIES rather than designated receivables or inventories. A BANK

FLOW

1.change over time. 2. movement of goods in a stream from raw to finished product without any backflow, stoppages or waste materials.

FOOD

A substance that is edible and has nutrition in it to sustain ilfe and make energy. It helps maintian body functions and growth. It can be a fat, protien, mineral, or vitamin.

FORMAL BID

Submittal of a written bid in a sealed envelope that will be opened at a specific date and time, complying with a prescribed format and submission rules.

FORTUNE 100

The 100 largest US public and privately-held companies are listed based on market capitalization or enterprise value. It is an annual ranking by Fortune magazine.

FORWARD FREIGHT AGREEMENT

It is a principal-to-principal contract for betting on the price of a particular freight-route on a particular date. Shippers and ship owners use it as a hedge against a volatile ocean freight

FOUR COLOR PROCESS

Full-color printing technique. All colors of the spectrum exist from proper proportion mixes. Cyan, magenta, yellow, and black together are called CMYK, used for the mixtures. These are also called the four

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