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

Category: F

FINANCIAL ASSISTANCE

Loans or other financial instruments that a third party grants. It can also be subsidies, tax allowances, cost sharing arrangements as well.

FINANCIAL FORENSICS

When an investigator looks at documents and financial activity to see how a crime happened or if it even did happen. Many kinds of financial statements are needed for this. Sometimes ways

FINANCIAL MARKETS

The market for stock, bonds, bills of exchange, commodities, futures, and options. They are exchanges for capital or fredit. Refer to capital market and money market.

FINANCIALLY INDEPENDENT

A party that is able to pay their own resources for food, housing, and living expenses. Two of the three categories must be included.

FINISHED GOODS

A product that has its final value in the manufacturing process. It is being stored is awaiting sale and delivery or use to make a product.

FIRMWARE

Software in the read only memory used rarely but is saved when it is shut off. It is short for Basic Input Output System for a PC. It is part of the

FIRST-IMPRESSION ERROR

When a manager assesses an employee based on the first impression. The application and other information is ignored.

FISCAL YEAR-END

A 12 month accounting period for a firm. It is not necessarily the same as a calendar year end of December 31st.

FIXED AND VARIABLE RATE ALLOWANCE (FAVR)

A stipend for employees to use for transportation. They drive themselves and are compensated for gas, oil, and routinemaintenance of the vehicle. It can also cover costs like depreciation, insurance and taxes

FLAMMABLE

A material that ignites easily but burns fast. It used to be called inflammable. Its flashpoint is below 50c. It was once called inflammible.

FLAT LOAN

A loan with no interst that investors use to borrow money used as collateral. It is a short sale used for family members or friends.

FLEXIBLE PACKAGING

Any packaging that is not hard and bends slightly while still holding a shape. It can be a bag, envelope or pouch that when filled changes shape.

FLIGHT TO QUALITY

When capital is moved from risky investments to safe ones with a lower profit. It is done after a bank failure or an unsettling economic event.

FLOATING RATE CERTIFICATE OF DEPOSIT (FRCD)

A CERTIFICATE OF DEPOSIT issued by a BANK that pays a monthly, quarterly, semiannual, or annual COUPON based on a floating INTEREST RATE, often LIBOR or EURIBOR. The most common FRCDs have

FLOW TIME

The time needed to finish a job or work load.

FOCUS REPORT

A document that shows the performance of an investment. It shows profit and loss for the month. It is sent to investors to keep them informed.

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