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

Category: F

FAST FOLLOWER

A business that implements the good ideas of others quickly.

FINAL CONSUMER

A strategy that focuses on the end user of the product. It involves advertising of an item.

FINANCIAL ASSET

Money that is easily accessible. It can be cash, loans, checks, and securities just to name a few.

FINANCIAL FORECAST

A guess at future business affecting the company or country. It looks at trends and projects them to give an executive information needed on a financial decision. It also uses historical data.

FINANCIAL RESPONSIBILITY LAW

A law requiring a policy holder to show they can pay for any losses. It is needed in accidents sometimes depending on the state it happens in. This can be your insurance

FINANCIAL YEAR

A period that starts any day of the year but must end in 12 months. It is used to show accounting books that compute reports of a companies status. It may not

FINISH

The quality of a surface after it is treated, calendaring, dyeing, machined, or polised. The finish can vary in brighness, color and texture.

FIREWALL

1. laws that make a bank seperate security underwriting from deposits or loan activities. The deposits are safe from being used in ventures so it complies with te US Glas Steagall act

FIRST WORLD

A dated reference to advanced industrialized economies.

FISCAL YEAR

1. the UK 12 month time on a governments yearly budges. AKA tax year. 2. the US term for financial year.

FIXED FACTOR

An input factor that won’t change in a period of time.

FLAME SPREAD RATING

A measure of how far flames spread and how fast. The rating can affect how you build a house. It is based on a scale using asbestos cement board with a 0

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