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

Category: Finance Dictionary

FEASIBILITY PHASE

A phase before design where a concpet is looked at to see if its worthwhile.

FEED BACKWARD

Taking the output and returning it to the earlier step for corrections.

FHA PREPAYMENT EXPERIENCE

The mortgage loans outstanding each year after it was started. It is a percent that effects survival rates for the FHA insured mortgage loans.

FILER

A party that files an official document at its office or deposit place.

FINAL PAYMENT

A payment that brings a balance to zero to pay an obligation.

FINANCIAL HIGHLIGHTS

A summary of financial happenings in a company. It is publicly known and shared with shareholders. It can use performance statistics, net cash flow, or acquisition information. A government agency may also

FINANCIAL PAPER

COMMERCIAL PAPER issued by a BANK or SECURITIES FIRM. See also INDUSTRIAL PAPER.

FINANCIAL SERVICES

Skills and offers that are offered by a bank or financial institution. It can be a savings accoung, checking account, confirming, leasing, or money transfer.

FIRE AND ALLIED PERILS

The standard fire insuance that covers causes of loss and damage but has a higher premium. It is an extended standard policy of fire insurance

FIRST IN FIRST OUT (FIFO)

An INVENTORY management and accounting methodology where the first raw materials or workinprogress inventory acquired for production of final goods are used first. See also LAST IN FIRST OUT (LIFO).

FIRST-PARTY INSURANCE

Insurance that pays the insured for an accident and damages that occur no matter who caused it. Refer to third party insurance.

FISHER EQUATION

A nominal rate of interest that combimes a real rate and inflation.

FIXED ASSET TURNOVER RATIO

How productive a firm is by sales and dollars spent needed to make profit. Changes over time show the efficiency of the firm.The fixed asset use is an indicator in this figure.

FIXED INTERVAL INVENTORY

When stock replenishment is ordered at regular times. The amount ordered changes but the interval doesn’t. It compares the maximum stock and the stock at hand to decide how much to order.

FIXED RATE

Interst that doesn’t change over the loan life.

FLANKER BRAND

Extending a brand to make another product with more market exposure. It may be different but is in the same category. It can be different in size, flavor, or type but must

FLAT RATE

A fee with no discount offered to repeat customers.

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