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

Category: Finance Dictionary

FRIENDLY TAKEOVER

Amiable takeover of a company by another. Each company’s owners agreed to the terms.

FRONT LINE MANAGEMENT

Top-level management below the vice-presidents and directors. Usually directly accountable for goods and services production, and clerical staff and shop floor employees supervision. Known as the first or second level managers, with

FUEL EFFICIENCY

A ratio of useful energy results over measured incoming fuel. An example is miles per gallon.

FULL COVERAGE

Guaranteed payment for all costs for any event protected in an insurance policy. Deductibles are usually in force. Protected against every type of loss.

FULL SERVICE MERCHANT WHOLESALER

(1) cash and credit card retailing, (2) supplier merchandising and promotion support, (3) its own sales force, (4) its own market research, and (5) presale, installation, and post sale services are what

FULLY PAID POLICY

A policy whose payment scheduled has been completely met. Often a limited payment policy. An example is a 30pay policy after 30 years of regular premium payments – it is fully paid.

FUNCTIONAL FLEXIBILITY

The ability of company organizations to be multi-functional, able to move employees to other duties or responsibilities within the company. Ability to adapt to changing conditions and requirements. Training, management, and outsourcing

GAIN ON SALE OF ASSETS

Value increase posted on the balance sheet when a company profitably sells an valued asset. Selling furniture used in an office is an example.

GANTT CHART

A bar chart showing duration. Typically used for scheduled and completed work over a period. Invented in 1917 by US engineer-scientific management pioneer, Henry L. Gantt (1861-1919). The chart’s horizontal axis maps

GASFIELD

Where gas wells are drilled, in an onshore or offshore geographical area.

GEMOLOGY

Definition: Study of precious gems and gemstones. Industry uses it for subject matter expertise with gem appraisals.

GENERAL CARGO

Household goods or office furniture are not classified as generable transportable goods.

GENERATION X

Often described as cynical or disaffected people, this is a label for those born during the 1960s and 1970s. Often shortened to Gen X. With an increased understanding of technology by growing

GENSAKI

The broad Japanese MONEY MARKET, which includes trading in shortterm GOVERNMENT BILLS, CERTIFICATES OF DEPOSIT, NOTES, REPURCHASE AGREEMENTS and REVERSE REPURCHASE AGREEMENTS.

GETTING THINGS DONE (GTD)

David Allen authored this organizational method and book. The point that individuals must record critical tasks to get them done and out of their mind is the keystone principle. This frees the

GILT EDGED SECURITY

Such securities once had gilded edges. High-grade bond, known to pay its obligations on time and in full. Issued by a stable firm with a long record of consistent earnings, or a

GLOBAL CARBON BUDGET

In the carbon cycle where carbon exchanges occur between the earth’s carbon reservoirs of land mass and the atmosphere, this is the sum of all of these exchanges, both inflows and outflows,

Topic Archives:

Disclaimer

This site contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.