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

Category: Finance Dictionary

FUGITIVE MATERIAL

1. Substance changed during or after a chemical process, becoming partially inert or deactivated. 2. Duplicate copies, fliers, handouts, pamphlets, program listings that have a short useful life as printed material.

FULL INVOICE VALUE

Beneficiary able to draw full invoice amount rather than partial value. Documented as a notation on a letter of credit.

FULL TEXT DATABASE

Excluding drawings, graphics, pictures, an online database fully accessible, providing indexed articles in full text from one or more journals.

FULL-YEAR FORECAST

Year-ahead prediction of various financial and logistic needs for a business. Based on one or more prior years of business performance. It covers a range of business areas, mainly hiring and capital

FUNCTIONAL ORGANIZATION

The classic organizational structure. Hierarchically grouped employees, clear line management authority, and upward reporting to the single top leader. Downward hierarchy, with one top person, distinct lines of reporting, authority, and communication.

FUNGIBILITY

The ability to exchange or substitute one ASSET with another. Fungibility is important in COLLATERAL management for OVERTHECOUNTER DERIVATIVES and REPURCHASE AGREEMENTS, and in delivery decisions for EXCHANGETRADED DERIVATIVES.

FUTURES COMMISSION MERCHANT (FCM)

Futures contracts broker. Required to register with the Commodity Futures Trading Commission (CFTC). Margin-loan provider. Accountable for securing transactions. Can be an individual or an organization. T

GAIN ON SALE OF LAND

Value increase posted on the balance sheet in the land category when property is sold profitably.

GAP OPENING

Area between the price of the first trade of the day if over the previous day’s high or if under the previous day’s low. Refer to Gap; Breakaway Gap; Exhaustion Gap; Runaway

GATE

1. Aircraft entry and exit point in a designated area in an airport terminal. 2. Refer to logic gate.

GENERAL ACCOUNT

Typically, an investment portfolio composed of safe, guaranteed investments. Used to invest the premium generated income.

GENERAL COMMODITY RATE

All commodities have the same, general rate applied, typically priced by bulk unit, unless otherwise specified. Also called an in-transit commodities rate .

GENERATOR

Mechanical energy is converted into electrical energy by this type of equipment.

GEOGRAPHIC ORGANIZATION

Core functions of planning and marketing administered by geographical units reporting into a entity’s central headquarters. The entity is typically organized into regional, national, international groups.

GIBSON’S PARADOX

J.M. Keynes observed a correlation between interest rates and the general price level of gold economics. At that time in history the general view that had previously been held by economists was

GINNIE MAE II

Generally collateralized by multiple pools of mortgages this US pass-through mortgage securities pays interest and principal separately.

GLOBAL DEPOSITORY RECEIPT (GDR)

Issued by one country’s bank as negotiable certificate. Traded on the stock exchange of another country against a certain number of shares held in its custody. Can be bought and sold like

GLOBAL RESOURCE INFORMATION DATABASE (GRID)

The UN Environment Program (UNEP) set up this agency in 1985. It has two purposes: (1)integrate scientific understanding of the worlds’ processes; (2) have sound environmental management in countries, land-mass, and worldwide

GOAL COMMITMENT

A documented dedication of time, money, people towards gaining a stated objective.

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