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

Category: F

FIRST CALL DATE

The first date on which an issuer can call back a CALLABLE BOND outstanding in the marketplace; a typical bond might have several sequential call opportunities appearing after the first date. The

FIRST-IN, FIRST-OUT (FIFO)

1. inventory handled by the idea that they are sold in the same order they are bought. The first things bought are the first sold. It has a high value in high

FISCALIST

A party that approves of changing the economy with taxes and government spending. It is the opposite of a menetarist.

FIXED ANNUITY

An annuity with fixed payments up to a date for the life of the annuitant.

FIXED INCOME INVESTMENT

Money in prefered shares, certificates on deposit, and bonds that give a fixed income. If inflation is high than the value goes down making it a good idea when inflation is low.

FIXED PRODUCTION OVERHEAD VOLUME VARIANCE

The difference between the overhead and budgeted amount. They are multiplied by an overhead rate. It involves the units and the cost per unit to get the budget that is compared to

FLAMMABLE GAS

Gas whose temperature and pressure makes it flammable when air touches it at 12% by volume.

FLAT MARKET

When the range doesn’t move from a market high to low but stays in recent boundaries of high and low. It shows less investments in a market. The investors are waiting to

FLEXIBLE PREMIUM

PREMIUM payable by an INSURED for an INSURANCE contract that may increase or decrease during the payment period. See also FIXED PREMIUM.

FLIGHTING

When ads run at a time after there are no ads played. It is differing from recency theory that it will hurt sales. The idea is that advertising should be continuous to

FLOATING STRIKE LADDER OPTION

An OVERTHECOUNTER COMPLEX OPTION that allows the buyer to lock in any accumulated gains prior to expiry as the price of the UNDERLYING exceeds prespecified market levels (or

FLOWCHART

A summary of choices and flows from start to finish. It is done in pictures to show where waste and error are occuring. It is one of the seven quality tools. It

FOCUS STRATEGY

When a company focuses on getting into a new market or industry.

FOOD BIOTECHNOLOGY

Applying technology to change genes to make new species and a more marketable product. It is a controvercial practice over the long term effects on the environment or humans.

FOOTPRINT

1. the area of an item using length and width. The space it takes up on a desk or on the floor.2. the space signals from a satelite can be recieved. It

FORENSIC EVIDENCE

Evidence that can be used in a court based on science. It can be blood tests, ballistics, and DNA.

FORMAL ORGANIZATION

An organization’s written, specific, approved rules set to govern its procedures and operations. These rules leave little room for misunderstandings. These rules may be strictly adhered to for compliance, or, as in

FORTY-FOOT EQUIVALENT UNIT (FEU)

Equals about 25 metric tons or 72 cubic meters. Container industry term denoting one forty-foot container measuring 40 x 8 x 8 feet, or two twenty-foot containers measuring 20 x 8 x

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.