The Law Dictionary

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

Category: F

FIXED-RATE BOND

A DEBT obligation, such as a domestic BOND, EUROBOND, or GLOBAL BOND, which pays a fixed COUPON on a monthly, quarterly, semiannual, or annual basis. Fixed rate bonds, which carry maturities ranging

FLAT BENEFIT FORMULA

The months employed and the monthly rate for employer contributions on a benefit plan. It uses the months of service and multiplies it by the predetermined monthly rate.

FLEX OPTION

Something that has no standard conditions but lets the customer or a broker negotiate terms like an expiration date or strike price.

FLEXIBLE STAFFING

Employment with different types of contracts for the employees to choose from. It dictates their employment.

FLIPPING HOUSES

When an investor buys real estate cheap and fixes it to sell it at a higher price. It is common to buy old and foreclosed homes. A contractor may do the work

FLOATING RATE NOTE

A bond whose interest resets every 6 months. It can be perpetual, capped, or minimax. It is used in euromarket lending. It is a medium term debt instrument. It lasts for 5

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

FLUOROSIS

Losing teeth or joint deformities that is caused by flourides in water and food.

FOLLOWING FORM

A form that is the same as insurance for a property but is not insurance.

FOOD POISONING

When food is contaminated and makes a person sick. It can be a chemical, lead, mercury, blowfish, poisonous berries, poisonous fungi, and toxins. It can cause abdominal pain, nausea, diarrhea, and vomiting.

FORBES

A company started in 1917. B. C Forbes started it to make online or in print publications. It is a parent company to others that focus on investments. It gives advice online

FORECLOSURE FILING

The rules that apply once default occurs. It may involve courts or not. An order to vacate can be requested when the lender starts the default notice.

FOREIGN EXCHANGE (FX) RESERVES

ASSETS of a country, held with the CENTRAL BANK or monetary authority, which are used for currency management and intervention. Reserves are generally comprised of gold and major RESERVE CURRENCIES, along with

FOREIGN MARKET VALUE

The price an item is sold at in domestic markets of exporting countries. It is used to find dumping.

FORFEITING

Financing where an exporter is given cash up front to get payment in a high risk situation or country. Exporters do this to ensure payment.

FORMALIZATION

Using standardized, written rules and procedures to govern employee activities, an organization structures the work roles extensively. T

FORWARD AUCTION

Several types exist. (1) An English auction is the most common style. Bidding begins at the seller’s minimum acceptable price. Every new bid increases the price. Each bid is a fixed increment.

FORWARD MARKET

Commodity and currency markets hedge against sharp price fluctuations. Future, forward delivery market for commodities, currencies, and securities. Prices are agreed on today, setting the date of making the contract. Refer also

FORWARDER’S BILL OF LADING (B/L)

A receipt for the goods shipped with other cargo as one consignment, typically a full container. Consolidation is done to take advantage of better freight rates. Freight forwarder or consolidator issues it

FOURTH DIMENSION

Time. The three dimensions of length, width, and height are required for locating a point in space. This fourth dimension is required for locating an event at that point.

Topic Archives:

Disclaimer

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.