Business terms starting with F

232 terms

Face Amount The amount stated on the face of the policy that will be paid in case of death or at maturity.
Face value Face value, or par value, is the dollar value of a bond or note, generally $1,000.
FACT Act (Fair and Accurate Credit Transactions Act) Designed to help consumers check their credit reports for accuracy and detect identity theft early, the FACT Act gives every consumer the right to request…
Factor income Labor and property earnings from current production. In national income, it is the incomes accruing to labor and property of U.S.
Factor incomes See Factor income
Fair and Accurate Credit Transactions Act of 2003 (FACT Act or FACTA) The purpose of this Act is to help consumers protect their credit identities and recover from identity theft.
Fair and Accurate Credit Transactions Act of 2003 (FACT Act,FACTA) The purpose of this Act is to help consumers protect their credit identities and recover from identity theft.
Fair Collection Practices Act A federal law supplemented by Maine law, which gives rules and regulations governing debt collectors. Federal Law: 15 U.S.C.§ 1601 et seq.
Fair Credit Reporting Act A consumer protection law that regulates the disclosure of consumer credit reports by credit reporting agencies and specifies procedures for challenging…
Fair Credit Reporting Act (FCRA) A Federal law, established in 1971 and revised in 1997, that gives consumers the right to see their credit records and correct any mistakes.
Fair Debt Collection Practices Act (FDCPA) The Fair Debt Collection Practices Act is a set of United States statutes added as Title VIII of the Consumer Credit Protection Act.
Fair Housing Act The Fair Housing Act makes it illegal to discriminate, in any phase of selling or renting real estate, against anyone on the basis of race, color…
Fair Market Value Fair market value is the price you would have to pay to buy a particular asset or service on the open market.
Fallen angel Corporate or municipal bonds that were investment-grade when they were issued but have been downgraded are called fallen angels.
Familial Status HUD uses this term to describe a single person, a pregnant woman or a household with children under 18 living with parents or legal custodians who might…
Family and Medical Leave Act (FMLA) Family and Medical Leave Act (29 U.S.C. 2601 et seq.) is a federal law that ensures that eligible workers are able to take unpaid extended leaves of…
Family of funds Many large mutual fund companies offer a variety of stock, bond, and money market funds with different investment strategies and objectives.
Fanlight A semicircular or semielliptical window above a door, usually inset with radiating glazing bars.
Fannie Mae Fannie Mae has a dual role in the US mortgage market. Specifically, the corporation buys mortgages that meet its standards from mortgage lenders around…
Fannie Mae-Seller/Servicer A lender that Fannie Mae has approved to sell loans to it and to service loans on Fannie Mae's behalf.
Fannie Mae/Freddie Mac Loan Limit The current 2004 Fannie Mae/Freddie Mac loan limit for a single-family home is $333,700 and is higher in Alaska , Guam , Hawaii , and the U.S.
Fascia A horizontal, flat element often combined with a cornice and architrave.
Fast market A fast market is one with heavy trading and rapidly changing prices in some but not necessarily all of the securities listed on an exchange or market.
Façade The main exterior face of a building, sometimes distinguished from the other faces by elaboration of architectural or ornamental details.
FDIUS See Foreign direct investment in the United States (FDIUS)
FDM Common abbreviation for Financial Disclosure Management, the online program to electronically file and manage financial disclosure reports.
Federal Credit Union A credit union chartered, examined, and supervised by the federal government through NCUA.
Federal Credit Union Act Federal law enacted in June 1934 that allowed the organization of federal credit unions and established methods for their chartering, supervision, and…
Federal Deposit Insurance Corporation (FDIC) A government corporation that insures the deposits of all national and State banks that are members of the Federal Reserve System.
Federal Emergency Management Agency (FEMA) Federal agency responsible for the emergency evaluation and response to all disasters, natural and man-made.
Federal Facilities Restoration and Reuse Office (FFRRO) EPA's Federal Facilities Restoration and Reuse Office's (FFRRO) overall mission is to facilitate faster, more effective, and less costly cleanup and reuse…
Federal Financial Institutions Examination Council (FFIEC) also known as the Council. The Council is a formal interagency body empowered to prescribe uniform principles, standards, and report forms for the federal…
Federal funds When banks have more cash than they're required to in their reserve accounts, they can deposit the money in a Federal Reserve bank or lend it to another…
Federal Funds Rate The interest rate charged by banks with excess reserves at a Federal Reserve district bank to banks needing oversight loans to meet reserve requirements.
Federal Home Loan Bank Act of 1932 This Act established the Federal Home Loan Bank Board (“FHLBank Board”), which charters and supervises Federal Savings and Loans Institutions…
Federal Home Loan Bank Board Former name for "Office of Thrift Supervision." See also "Office of Thrift Supervision."
Federal Home Loan Bank Board (“FHLBank Board”) A five-member board established in 1932 by the Federal Home Loan Bank Act. The FHLBank Board provided the FHLBanks with the authority to regulate and…
Federal Home Loan Banks (FHLBanks) The Federal Home Loan Banks are 12 regional cooperative banks that U.S. lending institutions use to finance housing and economic development in their…
Federal Home Loan Mortgage Corporation (FHLMC or Freddie Mac) A quasi-governmental, federally-sponsored organization that acts as a secondary market investor to buy and sell mortgage loans.
Federal Home Loan Mortgage Corporation (FHLMC) An organization that purchases conventional mortgage loans and sells securities based on pools of these loans. Also called "Freddie Mac."
Federal Home Loan Mortgage Corporation (Freddie Mac) A federally chartered corporation that purchases residential mortgages, securitizes them, and sells them to investors; this provides lenders with funds…
Federal Housing Administration (FHA) The Federal Housing Administration (FHA) was established by the federal government in 1937 to make home ownership possible for more people and to…
Federal Housing Administration Mortgage Federal Housing Administration (FHA) mortgages, which are made by private lenders, resemble conventional mortgages in many ways, but there are some…
Federal Housing Authority (FHA) Also known as HUD (Department of Housing and Urban Development). The Federal Housing Authority is a federal entity that governs the FHA mortgage program…
Federal Housing Enterprises Financial Safety and Soundness Act of 1992 The Act modernized the regulatory oversight of Fannie Mae and Freddie Mac. It created the Office of Federal Housing Enterprise Oversight (“OFHEO”) as…
federal income tax The federal government levies a tax on personal income. The federal income tax provides for national programs such as defense, foreign affairs, law…
Federal Insecticide, Fungicide, and Rodenticide Act (FIFRA) Passed in 1972, the Federal Insecticide, Fungicide, and Rodenticide Act (FIFRA) regulates the manufacture and use of pesticides and allows EPA to restrict…
Federal Insurance Contributions Act (FICA) The Federal Insurance Contribution Act (FICA) is the federal law that requires employers to withhold 6.
Federal Insurance Contributions Act (FICA) Tax Provides benefits for retired workers and their dependents as well as for disabled workers and their dependents. Also known as the Social Security tax.
Federal National Mortgage Association (Fannie Mae) A federally chartered corporation that purchases residential mortgages and converts them into securities for sale to investors; by purchasing mortgages…
Federal National Mortgage Association (FNMA or Fannie Mae) A private corporation that acts as a secondary market investor to buy and sell mortgage loans.
Federal National Mortgage Association Charter Act of 1954 (Charter Act) The Charter Act transformed Fannie Mae from a government agency into a public-private, mixed ownership corporation.
Federal Open Market Committee (FOMC) The Open Market Committee (FOMC) of the Federal Reserve Board meets eight times a year to evaluate the threat of inflation or recession.
Federal Policy Fee A flat charge that the policyholder must pay on each new or renewal policy to defray certain administrative expenses incurred in carrying out the National…
Federal Reserve Board The governing body of the Federal Reserve System (12 regional federal banks monitoring the commercial and savings banks in their regions).
Federal Reserve Fedwire Fedwire is an electronic transfer system owned and operated by the 12 Federal Reserve Banks that enables participants to move money from an account they…
Federal Reserve System The central bank of the United States. The Fed, as it is commonly called, regulates the U.S. monetary and financial system.
Federal Savings and Loan Insurance Corporation (FSLIC) Created by the National Housing Act of 1934, the FSLIC, which was administered by the FHLBank Board, insured savings and loan deposits until 1989.
Federal savings bank A type of "savings and loan association." See also "savings and loan association."
Federal/State e-file A program sponsored by the IRS in partnership with participating states that allows taxpayers to file federal and state income tax returns electronically…
Fee A charge or payment for products and services, a sum paid or charged for a privilege, for example, some financial institutions charge a monthly fee to…
Fee Charged for Use of Other ATM The fee that the institution charges its own account holders to use another institution’s ATM.
Fee Charged for Use of Your Own ATM The fee that an institution charges its own account holders to use its own ATM.
Fee For Service When you're covered by fee-for-service health insurance, you pay your medical bills and file a claim for reimbursement from your insurance company.
fee simple The maximum form of ownership, with the right to occupy a property and sell it to a buyer at any time.
Fenestration The arrangement, proportioning and design of windows in a building.
Festoon A carved ornament in the form of a band, loop, or wreath, suspended from two points; also called a “garland” or “swag”.
FHA See: Federal Housing Administration.
FHA Approved Lenders Financial institutions that have been approved by FHA for the origination and servicing of FHA-insured mortgages.
FHA mortgage loan A mortgage loan insured by the FHA. Since the 1930s, FHA has insured first mortgages enabling lenders to loan a very high percentage of the purchase price.
FHA-Insured Loan A loan that is insured by the Federal Housing Administration (FHA) of the U.S. Department of Housing and Urban Development (HUD).
FICA Federal Insurance Contributions Act (Social Security and/or Medicare).
FICO Score FICO is an abbreviation for Fair Isaac Corporation and refers to a person's credit score based on credit history.
FICOÃÂ® score Created by the Fair Isaac Corporation, FICOÃÂ® is the best-known credit scoring system in the US.
Fictitious Invoices It is common practice in the offshore industry to issue false invoices as a means to transfer money to an offshore jurisdiction, while at the same time…
Fiduciary Undertaking to act as executor, administrator, guardian, conservator, or trustee for a family trust, authorized trust, or testamentary trust, or receiver…
fiduciary capacity, non-banking corporations acting in a Certain corporations , other than banking institutions, are licensed by the Banking Commissioner to act as trustees.
field of membership The field of membership of a Connecticut Credit Union is limited to: a) a single common bond membership of occupation or association, b) a multiple common…
fifteen-year mortgage A loan with a term of 15 years. Although the monthly payment on a 15-year mortgage is higher than that of a 30-year mortgage, the amount of interest paid…
file a return To mail or otherwise transmit to an IRS service center the taxpayer's information, in specified format, about income and tax liability.
File and Use Residential property rates utilize a system called “file and use.” Under this system, insurance companies file their rates with the Texas Department…
Filing Date This is the date a filer submits a financial disclosure report to the supervisor or senior legal counsel for review, usually the date the filer eSigns the…
filing status Determines the rate at which income is taxed. The five filing statuses are: single, married filing a joint return, married filing a separate return, head…
Fill or kill (FOK) If an investor places an FOK order, it means the broker must cancel the order if it can't be filled immediately.
Final demand Demand of final uses.
Final estimate The third estimate of gross domestic product (GDP) and its components for a quarter.
Final estimates See Final estimate
Final use(s) Final-demand components for goods and services, which consist of personal consumption expenditures (PCE); gross private fixed investment; change in…
Finance Charge The total cost of credit a customer must pay on a consumer loan, including interest. The Truth in Lending Act requires disclosure of the finance charge.
Finance company A company that makes loans primarily for consumer purchases.
Financial account (international) Record of transactions between U.S. residents and foreign residents resulting in changes in the level of international claims or liabilities, such as in…
Financial Accounting Standards Board (FASB) The Financial Accounting Standards Board (FASB) is an independent, self-regulatory board that establishes and interprets generally accepted accounting…
Financial accounts (international) See Financial account (international)
Financial asset See Financial assets
Financial assets Deposits, stocks, bonds, notes, currencies, and other instruments that possess value and give rise to claims, liabilities, or equity investment.
Financial future When a futures contract is linked to a financial product, such as a stock index, Treasury notes, or a currency, the contract is described as a financial…
Financial institution Any institution that collects money and puts it into assets such as stocks, bonds, bank deposits, or loans is considered a financial institution.
Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA) Enacted by Congress in 1989 in response to the savings and loan crisis of the 1980s, FIRREA abolished FSLIC, transferred its assets, liabilities, and…
Financial instrument A financial instrument is a physical or electronic document that has intrinsic monetary value or transfers value.
Financial Models Financial models are computer simulations designed to forecast the financial performance of a company or project or estimate the impact of key parameters…