Category: Finance Dictionary

FDIC approved lenders with issues. Many factors are on this list.

A computer system done by the federal reserve that transfers account balances and government securities. Refer to culpeper switch.

A loan that the FHA insres and is approved by a lender with FHA regulations.

Instructions for making a small change in a contract that doesn’t change the amount or dates.

A computer used for storing data made by other computers.

When an arbitrator has to choose between the final positions of the parties involved. It hopes that both parties will be reasonable. They split the difference.

The amount borrowed that a firm has to keep running.

How to measure the financial fitness of a party to cover expenses of daily life with their income. It also covers how other expenses are paid by income for an individual.

The requirement to pay money to another party once it has been borrowed. It also happens in legal cases. AKA liability.

Costs that a bank gets paid. It can also apply to a financial institution other than a bank.

The cost of getting a loan. It is different than the price of equity capital.

A FINITE REINSURANCE agreement where the REINSURER agrees to pay, on behalf of the CEDING INSURER, a fixed or variable proportion of CLAIMS and expenses as they occur; ceding commissions and investment

Insurance that pays for loss without charging deductible.

The time it takes a computer to print a document after the data is recieved. It depends on complexity, color, graphics, memory,size, time to start, and time to warm up the printer.

When inflation is steady the nominal rate changes in step with it. It is named after Irving Fisher.

Managing fixed assets that cannot be changed into cash value in a fast time. A tag is used to manage it for easy organization and accounting. Serial numbers or barcodes are used

A trust where trustees have no power of distribution and must follow the instructions of the testator.

Inventory system that monitors quantity constantly. If it goes low than an order for more is sent.

A solid that can catch fire by friction, moisture absorption, chemical change, heat retained by a process or manufacturing, and ignited easily. It burns so well that is a serious hazard.

The way an organization with no middle man runs. The top of the ladder works with the lowest rung. Most of all of the middle management levels have been eliminated.