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

Category: Finance Dictionary

FINANCIAL ACCOUNTING STANDARDS BOARD (FASB)

A US selfregulatory advisory panel that is responsible for creating and promulgating accounting standards for certified public accountants via the Statements of Financial Accounting Standards, the core of US GENERALLY ACCEPTED ACCOUNTING

FINANCIAL TRANSACTION

An event involving payment, deposits, borrowing money, buying property, or selling property.

FINGER

A program that shows information about a user or users on a network.

FIREFOX

An internet browser that is used on the world wide web. It was started by the Mozilla company in 2004. It is free and handles security issues in other browsers on the

FISCAL STANCE

The impact on the future economy that taxes and government spending has.

FIXED ACCOUNTING

The way a nonprofit agency runs. Expenses are sent to a specific fund that is made to cover it.The actual revenue is used to pay for any expenses through this fund.

FIXED EXPENSES

Similar to fixed costs. It is a cost that do not include noncash items.

FLAME

Emails sent to an article author with controversial statement. Refer to mail bomb.

FLAT CRUSH TEST

How resistant a flute of corrugated board is when force is applied over a 24 hour period of time.

FLEXIBLE FIRM

When human resources are used flexibly to get the job done. A core group are needed but all others can change things to their needs. A peripheral group is made of employees

FLIGHT NUMBER

A code that identifies a flight in one direction to the destination.

FLOATING LIEN

A general CLAIM against a group of ASSETS rather than a specific asset, i.e., a pool of current and future ACCOUNTS RECEIVABLE or INVENTORIES rather than designated receivables or inventories. A BANK

FLOW

1.change over time. 2. movement of goods in a stream from raw to finished product without any backflow, stoppages or waste materials.

FOOD

A substance that is edible and has nutrition in it to sustain ilfe and make energy. It helps maintian body functions and growth. It can be a fat, protien, mineral, or vitamin.

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