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

Category: Finance Dictionary

FUEL OIL

Residential, industrial, transportation energy source as a residual refinery product. Various types are classified by their specific gravity. The higher the specific gravity, the higher the category number. Heat energy in residences

FULL DISCLOSURE

1. In Accounting, this is the practice of disclosing all material facts truthfully and completely to avoid any misunderstanding. 2. In Patenting, this is the disclosure of all material facts to avoid

FULL SERVICE RESTAURANT

Provides complete and varied breakfast, lunch, and dinner menus, along with a wide selection of foods and beverages, and table service.

FUNCTIONAL ISOLATION

Ability to separate components or parts of a circuit or system. Intent is to protect as much of the associated circuit or system from a failure or malfunction in another associated or

FUNDING OPERATIONS

Transferring to long-term, fixed-interest debt, like bonds from short-term or floating interest investment vehicles.

FUTURE VALUE

Calculated future value of a current investment’s value using compounded, projected interest values. Or, calculated future value of a current investment’s value using discounts at projected discount rates.

GAIN ON SALE OF AUTOMOBILE

Value increase recorded when the value of the vehicle sold was less than the vehicle worth at current valued. As an example, a gain of $500 posts to the balance sheet when

GAP

Unfilled difference. In project planning and scheduling, resources needed unmet by resources available cause a gap.

GASOHOL

Mixture of nine parts of unleaded gasoline by volume with one part of ethanol, ethyl alcohol. Ethanol source is fermented agricultural produce, typically corn. ‘Gasohol’ is a registered trademark of the Nebraska

GENDER

Defined difference between men and women based on culturally and socially constructed mores, politics, and affairs. Time and location give rise to a variety of local definitions. Contrasts to what is defined

GENERAL CARGO RATE

Transport cargo rate charged by a carrier. Although discounted special class fee or a commodity fee from the carrier may be available, this cargo does not qualify.

GENERAL LEDGER

Provides financial statements data for the entire organization. Summarizes all financial transactions recorded and sorted in subsidiary ledgers covering an accounting period. Central repository of an organization’s accounting information. Known also as

GENERATION Y

Born during the 1980s and early 1990s, this group of people’s name is based on the generation that preceded them, Generation X.

GENTRIFICATION

The evolution of an area due to an influx of wealthier residents and an influx of their wealth into an area. Lower-income residents begin to sell, profiting from wealthier inhabitants moving into

GHOST SITE

Name given to a now dead Website that was once active.

GILT-EDGED MARKET-MAKER (GEMM)

A PRIMARY DEALER in GILTS that commits to quoting twoway prices and bidding competitively at primary auctions. While GEMMs were once required to be separately capitalized legal entities, they may now form

GLOBAL COORDINATOR

Typically, one who oversees a global public offering. Often called a manager of the offering. One who is also responsible for coordinating the activities of all lead managers and underwriters. These underwriters

GLOBAL RECOVERY RATE

A global measurement of the quantity of entities recovering at least 60 percent of financial losses due to corporate fraud. Purchasing economic crime insurance and early detection of fraudulent activities are methods

GO PUBLIC

1. Company shares now available for open market trading. Moving from private to public. 2. Privately-held or unknown information made available to all.

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