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

Category: Finance Dictionary

FRONT END

The facing part, or start, or leading point in an interface.

FROZEN ACCOUNT

Bank account legally suspended. No monies can go in or out. Until its legal beneficiary or a heir is appointed, declared, or found, a deceased customer’s account is automatically frozen. Such an

FULL AND ACCURATE RECORD

(1) exact transaction copy; (2) sufficient to satisfy the need for retention; (3) authentic, undistorted evidence of being what it says it is; (4) complete with all information needed to represent the

FULL PAYMENT LEASE

No-loss lease. Leased asset or property seller or owner or lessor recovers the full cost of the item. This includes the original cost plus profit margin, interest, and other cost no matter

FULL TIME EQUIVALENT (FTE)

The ratio of total paid hours during a period to the total of working hours in that period. (part time, full time, contracted) . Typically done for a Monday-to-Friday period covering part

FUNCTIONAL AREA

1. Grouping of individuals in the organization, on the basis of the business work each performs. 2. Grouping of activities or processes based on their need to accomplish one or more tasks,

FUNCTIONAL STRATEGY

Organizational plan for functional areas such as human resources, marketing, R&D, MIS. Other corporate and business strategies are supported by each org plan, customized to its sector and industry.

FUNNEL SINKING FUND

Bond issuers retire outstanding bonds, especially high-coupon issues, using one annual sinking fund requirement. A repeatable, advantageous method.

FUTURES MARKET

Trading market for buying and selling commodities and future delivery contracts. Provides a place for hedging and speculating, complementary activities. Mitigates wild price fluctuations when gluts and shortages occur.

GAINS SHARING

Pay-incentive plan. Motivational tool for employees as a group. Seeks improved productivity in their workgroup. Improvement comes from a more efficient use of resources (energy, labor, and materials). The group shares the

GARAGE COVERAGE FORM

Auto repair shops, dealerships, or garages, any business’s commercial coverage for multiple automobiles on their premises.

GATEWAY CITY

Entry point to or from a country; a primary arrival and departure point. Typically is an airport or seaport.

GENERAL CONTRACTOR

Primary person or firm solely accountable to perform a contract. This primary typically supervises activities and coordinates the use of subcontractors .

GENERAL PACKET RADIO SERVICE (GPRS)

Communication technology based on Global System for Mobile Communications (GSM) standard. Europe’s packet switched non-voice wireless data. Introduced in 2002, it transmits intermittent data transfer of about 500 octet size in short

GENERIC COMPETITION

Audio cassettes and CDs, adhesive tape and glue sticks, carpets and tiles are competitive products, different, yet solutions and beneficial for the same situations.

GEOGRAPHICAL FILING

Documents filed alphabetically within categories, by source or destination of the record’s geographic locations. A specific record keeping method.

GIFTING PHASE

Part of estate planning strategy. An investor uses wealth to provide for the current and future needs of loved ones and charities. Typically a rewarding time for the investor. Meaningful giving and

GIVE-UP

A brokered trade executed on behalf on another party; once executed, the name of the party to the trade is

GLOBAL INFORMATION INFRASTRUCTURE (GII)

Proposed telecommunications and information technology networks as a governmental and nongovernmental, worldwide infrastructure. Its objective is dissemination of information and remote collaboration spurring faster and greater economic growth.

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