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

Category: Finance Dictionary

FREQUENT LODGER

The repeat traveler who gains by staying at a particular hotel or at different properties owned by the same chain. Also refer to frequent fliers.

FRONT DOOR

A process where the BANK OF ENGLAND attempts to influence UK money supply by lending directly to discount houses and other financial institutions. See also BACK DOOR.

FRONTING INSURER

An INSURER that is interposed between a CEDING INSURER or CAPTIVE, and a REINSURER. Use of a fronting insurer allows the insurer or captive to access the professional reinsurance market directly and

FULL MAINTENANCE LEASE

Responsibility for all maintenance and service charges for auto or equipment repair belongs to the lease lessor.

FULL TIME EMPLOYMENT

A regular paying job for a person working 35 to 40 hours each week, every week. Refer to salaried work.

FUNCTIONAL ANALYSIS

Evaluation of the detail workings of a function and its potential or actual results. A problem-solving method. Functional decomposition down to code occurs to reach the level needed to solve identified issues.

FUNCTIONAL REGULATION

Authorized third-party oversight required by government. Typically, financial services companies receive this oversight. Intent is proven compliance by managed operations to prudent and fair-mannered processes.

FUNNEL EXPERIMENT

Quality control experiment. Traditionally, it is hitting a mark on a smooth, flat surface below a funnel guiding marbles dropped. Demonstrates the need to remove variation from a process or a system.

FUTURES EXCHANGE

Trading center exclusively for trading futures contracts and commodity / financial instrument options. This entity has set rules and regulations. Establishes a market for buyers and sellers. Chicago Board Of Trade, Chicago

GAINS

Value increase posted on the company’s balance sheet, reflected in the company’s financials. Caused by the profitable sale of an asset, a valued instrument.

GAPPING

The process of deliberately mismatching ASSETS and LIABILITIES in order to take advantage of an anticipated change in INTEREST RATES. Although gapping has the potential of generating greater returns, it can also

GATEWAY

1. In General, this is an access point to an agency, a system, or specific information. Typically is another agency or mechanism that provides access. 2. In Computer networks, this is a

GENERAL AGENT

1. Has several principals as business or professional clients. 2. Authorized to act in a client’s or principal’s behalf in specific or all business dealings, like banking or legal. Also refer to

GENERAL CONTRACT PROVISIONS

One prime contractor requirements on accountability for the entire project are set in the construction contract. Delivery and payment terms, breach-of-contract and prescribed remedies are examples of some of the requirements covering

GENERAL OVERHEAD ACCOUNT

Specific cost area, job, or task tracked in this ledger account holding unassociated labor and nonlabor expense records.

GENERIC BENCHMARKING

One of four different types of benchmarking. In unrelated industries comparing the performance of similar organizational processes. Drives toward setting new standards by improving performance and processes used.

GEOGRAPHICAL DIVERSIFICATION

To reduce risk exposure to events affecting one region, this investment strategy develops a portfolio comprised of companies across different geographic regions.

GIFTED

A person above average in one or more talents. Usually a child. An example is any child of seven or less who is able to play an instrument at near adult level.

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