Letter F Dictionary

face amount

The amount stated on an insurance policy, to be paid upon death or maturity.

face-amount certificate

A debt security issued by a type of mutual fund called a face amount certificate firm

face value

The nominal dollar amount assigned to a security by the issuer

facilitation

The creation of a market. In the case of securities, this function is performed by market makers.

fact book

Any detailed information about a product’s history.

factor

A firm engaged in the business of financing accounts receivable, an activity known as factoring.

factoring

The selling of a firm’s accounts receivable, at a discount, to a factor, who then assumes the credit risk of the account debtors and receives cash as the debtors settle their accounts.

factors of production

The resources used in producing the goods and services created in an economy.

factory

A building or a group of buildings designed to produce goods on an efficient, large scale.

Factory Orders – German – Euro-zone

Measures the total change in orders placed at domestic manufacturers.

Factory Orders – United States

Dollar volume of new orders, shipments, unfilled orders and inventories as reported by domestic manufacturers.

FAFSA

for Free Application for Federal Student Aid, which refers to a form required by the government for application to any federal education aid program.

fail-safe

An action taken to avoid a disaster.

Fair Credit Reporting Act

A Federal law providing individuals the right to examine their own credit history.

Fair Debt Collection Practices Act

A 1977 federal law that serves to regulate collection agencies.

fairly valued

A stock or other investment which is perceived by a given investor to be trading close to its actual value.

fair market value

The price that an interested but not desperate buyer would be willing to pay and an interested but not desperate seller would be willing to accept on the open market assuming a reasonable period of time for an agreement to arise.

fairness opinion

The professional opinion of an investment bank, provided for a fee, regarding the fairness of a price offered in a merger or takeover.

fair value

A valuation, in accordance with standard methodology, that is reasonable to all parties involved in a transaction in light of all pre-existing conditions and circumstances.

fake out

A large, quick, temporary rise or fall in price.

Falkland Island Pound

The official currency of the Falkland Islands.

fallen angel

A bond which was investment-grade when issued but which is now of significantly lower quality.

falling knife

A stock whose price has been dropping quickly. The implication is that the investor believes the stock will continue to fall and should not be bought until the stock is done falling.

family of funds

A mutual fund firm offering many mutual funds, for various objectives.

Fannie Mae

FNMA or Fannie Mae.

far month

The month of an option contract or futures contract which has the latest delivery date.

Faroe Island Krone

The currency of Faroe Island.

far option

The part of an option spread which has the later expiration date.

FASB

for Financial Accounting Standards Board. Independent agency which establishes GAAP.

favorable balance of trade

Having exports which exceed imports.

FCC

for Federal Communications Commission. A U.S. government agency charged with the task of regulating all forms of interstate and international communication.

FDIC

for Federal Deposit Insurance Corporation.

feasible

Possible, doable.

Fed

The 7-member Board of Governors that oversees Federal Reserve Banks, establishes monetary policy (interest rates, credit, etc.), and monitors the economic health of the country.

Fed bias

The way the Federal Open Markets Committee announces its perspective on the current state of inflation in the economy.

Fed Chairman

The head of the Federal Reserve Board, who is named by the U.S. President from a list of candidates approved by the Senate.

Federal

Relating to the national government or union of states.

Federal Call

A Federal Reserve Board regulation that governs customer cash accounts and the extension of credit by broker/dealers to customers to purchase and carry securities.

Federal Communications Commission

as FCC, refers to a U.S. government agency charged with the task of regulating all forms of interstate and international communication.

Federal Debt

The amount by which a government’s expenditures exceed its tax revenues.

Federal Deficit

The amount by which a government’s expenditures exceed its tax revenues.

Federal Deposit Insurance Corporation

as FDIC, refers to a federal agency that insures deposits in member banks and thrifts up to $100,000.

Federal funds

Funds deposited by commercial banks at Federal Reserve Banks.

Federal funds rate

Federal Funds Rate (or Fed Funds Rate) – the interest rate banks charge other banks to borrow money.

Federal Home Loan Mortgage Corporation

FHLMC or Freddie Mac. The Federal Home Loan Mortgage Corporation is the government-chartered corporation

Federal Housing Administration

FHA. The Federal Housing Administration is the government-agency

Federal ID Number

TIN, or Federal Tax ID Number. A TIN is a government issued number assigned to businesses for tax reporting purposes.

Federal Insurance Contributions Act

FICA, as the Act is commonly referred, is a law requiring employers to withhold from employee wages to make payments to a trust fund for Social Security retirement benefits and Medicare benefits for the indigent medical care.

Federal National Mortgage Association

FNMA or Fannie Mae. Originally set up by congress in 1938 to aid the US housing market during the depression

Federal Open Market Committee

The Federal Reserve controls the cost and availability of money through actions decided by the Federal Open Market Committee

Federal Reserve Bank

The regional banks were establish to supervising member banks in their areas, and aid in the setting national monetary policy.

Federal Reserve Board

The Board of Governors is a managing body of the Federal Reserve System. The Federal Reserve Board is empowered by the US Government to set policy on banking regulation and the money supply

Federal Reserve Discount Rate

The interest rate charged to borrow directly from the Federal Reserve Bank to meet regulator reserve requirements.

Federal Reserve Note

American Cash. A Federal Reserve Notes is paper currency issued by Federal Reserve Banks to facilitate the public’s needs for a monetary medium of exchange.

Federal Reserve requirement

Banks accepts deposits, lending out a portion of those funds to borrowers in order to earn interest payments.

Federal Reserve System

The Federal Reserve is the central bank of the United States, setting monetary policy and broadly ensuring the stability and development of the US financial system.

Federal Savings and Loan Association

A federally chartered institution whose purpose is to collect savings deposits and provide residential mortgage loans.

Federal Surplus

The federal government’s budget surplus; that is, the extent to which government revenues exceed government spending.

Federal Tax Identification Number

The Social Security number of an individual or the Employer Identification Number of a business, fiduciary or other organization.

Federal tax lien

A lien against all assets of a delinquent taxpayer.

Federal Trade Commission

FTC. Federal agency whose purpose is to encourage free enterprise and prevent restraint of trade and monopolies.

Federation Internationale des Bourses de Valeurs

FIBV. The organization of the world’s stock markets, headquartered in Paris. FIBV encourages cooperative policies designed to stimulate a free flow of capital across national boundaries.

fed funds

Funds deposited by commercial banks at Federal Reserve Banks. By requiring banks to set aside some funds (preventing that portion from being lent out)

Fed Governor Speaks – United States

The seven members of the Board of Governors have voting power in all three monetary tools of the Federal Reserve- open market operations, the discount rate, and reserve requirements.

Fed pass

Federal Reserve action designed to make more credit available by adding reserves to the banking system.

Fed President Speaks – United States

There are 12 Federal Reserve Presidents, each from a different district of the country. All Reserve Bank Presidents attend the meetings of the Federal Open Market Committee

fee

A charge for services rendered.

fee-based financial planning

The financial planning services which are paid for on a flat fee or an hourly basis, rather than on a commission basis, in order to eliminate potential conflicts of interest.

fee-for-service

A health insurance plan that allows the holder to make almost all health care decisions independently.

FFO

A financial measure used by REITs to define their operating performance. FFO is calculated by adding depreciation and amortization expenses to earnings.

FHA

A government agency whose primary purpose is to insure residential mortgage loans.

FHA Loan

A type of government mortgage that is insured by the Federal Housing Administration (FHA).

FHLMC

Abbreviation for Federal Home Loan Mortgage Corporation. Government-chartered…

fiat money

Money which has no intrinsic value and cannot be redeemed for specie or any…

Fibonacci

The Fibonacci sequence, named for its discoverer Leonardo Fibonacci, forms the…

Fibonacci Retracements & Arcs

The Fibonacci sequence, named for its discoverer Leonardo Fibonacci, forms the…

FIBV

Abbreviation for Federation Internationale des Bourses de Valeurs. The organization…

FICA

Abbreviation for The federal law which requires employers to withhold a portion…

FICO score

Acronym for Fair Isaac Credit Organization credit score.

fictitious credit

A credit balance in a securities margin account representing short sale proceeds and the Regulation T margin requirement.

fidelity bond

A debt obligation serving to protect an employer from loss in the event that…

fiduciary

An individual, corporation or association holding assets for another party,…

FIFO

Abbreviation for First In First Out. A method of valuing the cost of goods sold…

Fijian dollar

The official currency of Fiji. Learn more about the Fijian dollar and Fiji at GoCurrency.com

filing

Depositing a document, generally a financing statement, in a public office and thereby making it available to the public.

filing status

The types of taxpayers: single, married filing jointly, married filing separately,…

fill

To execute an order or buy or sell a security or commodity.

fill or kill

An order given to a broker that must immediately be filled in its entirety or,…

FIM

The ISO currency code for the Finnish Markka.

FIN

Abbreviation for Federal ID Number, which refers to a number assigned to a business for tax reporting purposes.

final prospectus

A document containing information on a new issue, including the delivery date,…

finance charge

Any charge for credit.

finance company

A firm which makes loans to individuals and/or businesses.

financial

Pertaining to finance.

Financial Accounting Standards Board

Abbreviated as FASB, refers to an independent agency which establishes GAAP.

financial advisor

An individual or organization employed by an individual or mutual fund to manage…

financial analyst

An employee of a bank, brokerage, advisor, or mutual fund who studies firms…

financial asset

A non-physical asset, such as a security, certificate, or bank balance. Opposite of non-financial asset.

financial capital

Funds which are available to acquire real capital.

financial condition

The status of a firm’s assets, liabilities and equity positions at a specific…

financial futures

A futures contracts based on financial instruments, such as Treasury Bonds, CDs, currencies or indexes.

financial institution

Institution which collects funds from the public and places them in financial…

financial instrument

An instrument having monetary value or recording a monetary transaction.

financial leverage

In finance, leverage is the general term used to describe the ratio between…

financial market

A market for the exchange of capital and credit, including the money markets and the capital markets.

financial needs approach

The technique used to determine how much life insurance is required, by considering the future needs of the policy’s beneficiaries.

financial planner

An investment professional who helps individuals set and achieve their long-term…

financial planning

An investment professional who helps individuals set and achieve their long-term…

financial risk

The possibility that a bond issuer will default, by failing to repay principal…

financial statement

A written report which quantitatively describes the financial health of a firm….

financial structure

The right side of a firm’s balance sheet, detailing how its assets are financed, including debt and equity issues.

financier

One who makes a living participating in commercial financing activities.

financing

Providing the necessary capital.

financing flows

Cash flows generated through debt and equity financing.

finder's fee

A fee paid to someone who acts as an intermediary for a client in a transaction.

fine paper

Securities with little or no risk-free.

finished goods

Manufactured products which ready for sale and delivery to the marketplace.

Finite-life REIT

Abbreviated as REIT. REIT which plans to liquidate all of its holdings by a…

Finnish Markka

The former currency of Finland until 1 January 1999, when it was superseded…

firewall

The separation of banking and broker/dealer activities within the same financial…

firm

Any business, such as a sole proprietorship, partnership or corporation.

firm commitment lending

A formal offer by a lender making explicit the terms under which it agrees to…

firm commitment offering

An arrangement in which an underwriter assumes the risk of bringing a new securities…

firm order

A client order which is not subject to cancellation, or an order to buy or sell for a broker-dealer’s own account.

firm price

A price which is not negotiable.

firm quotation

Any round lot bid or offer from a Market Maker other than a nominal quotation.

first board

The delivery dates for futures as determined by the appropriate futures exchange.

first call date

The first date on which a callable bond may be redeemed, specified in its indenture.

First In First Out

Abbreviated as FIFO, refers to a method of valuing the cost of goods sold that…

first mortgage

The mortgage that has first claim in the event of a default.

first-mover advantage

The first day that a buyer of a futures contract can be called upon to take delivery.

first notice day

The first day that a buyer of a futures contract can be called upon to take delivery.

first preferred stock

Preferred stock which takes precedence over other preferred and common stock with regard to dividends and assets.

first-round financing

The first investment in a firm made by external investors.

fiscal

Pertaining to money, especially government taxation and spending policies.

fiscal agent

A bank or trust firm which handles fiscal matters for a corporation, including…

fiscal policy

Fiscal policy is the deliberate change in a governmentâ??s spending, taxation…

fiscal year

An accounting period of 12 months used by companies and government organizations…

fixation

The setting of a commodity’s current or future price by a government.

fixed

Unchanging, set, not variable.

fixed annuity

An investment vehicle offered by an insurance firm, that guarantees a stream…

fixed asset

A long-term, tangible asset held for business use and not expected to be converted…

fixed benefits

Insurance payments to a beneficiary which are of a set, unchanging amount.

fixed budget

A budget which is made without regard to potential variations in business activity….

fixed-charge coverage ratio

A cost that does not vary depending on production or sales levels, such as rent, property tax, insurance, or interest expense.

fixed cost

See fixed cost.

fixed expenses

Fixed Income in finance refers to securities that offer constant and predictable…

fixed income

A convertible security for which the market price of the common stock is so…

fixed-income arbitrage

See unit investment trust. Also known as unit investment trust or participating trust or fixed investment trust.

fixed income equivalent

Periodic, equal-sized payments made to an insurance firm for an insurance policy or annuity.

fixed investment trust

See unit investment trust. Also known as unit investment trust or participating trust or fixed investment trust.

fixed premium

Periodic, equal-sized payments made to an insurance firm for an insurance policy or annuity.

fixed rate

A loan in which the interest rate does not change during the entire term of the loan. Opposite of adjustable rate.

fixed-rate loan

A loan in which the interest rate does not change during the entire term of…

Fixed-Rate Mortgage

Fixed-Rate Mortgage (FRM) is a loan where the interest rate is locked for the…

fixtures

In real estate, a part of a piece of property that is permanently attached so…

FJD

The ISO currency code for the Fijan Dollar.Learn more about the Fijan Dollar and Fiji at GoCurrency.com

FKP

The official currency of the Falkland Islands. Learn more about the Falkland…

flag

A technical analysis term referring to a chart pattern created when a steep…

flash

The value of a security that is used when volume is so high that the tape cannot…

flat

A price that is neither rising nor falling; Also known as sideways.

flat dollar

A description of an absolute amount, as opposed to an amount determined as a function of another amount, such as a percentage.

flat rate

A price per unit which remains constant regardless of the total number of units purchased.

flat tax

A system in which all levels of income are taxed at the same rate.

flat yield curve

A yield curve showing the same yield for short-maturity and long-maturity bonds. Also known as even yield curve.

flexible benefit plan

A benefits plan that allows employees to select from a pool of choices, some…

flexible budget

A set of revenue and expense projections at various production or sales volumes….

flexible expense

An expense that can be adjusted or eliminated, such as for luxury items, such as clothes or CDs. Opposite of flexible expense.

flexible spending account

A benefit offered to an employee by an employer which allows a fixed amount…

flier

A high-risk investment or business opportunity.

flight to quality

The flow of funds from riskier to safer investments in times of marketplace…

flip-flop note

A note which enables investors to switch between two different kinds of debt.

flipping

The practice of purchasing initial public offerings at the offering price and…

float

The number of shares of a security that are outstanding and available for trading by the public.

floater

A fixed income instrument which has a coupon rate or interest rate that varies…

floating debt

Continuously refinanced short-term debt for a firm’s ongoing operations. The…

floating exchange rate

The currency exchange rate which is determined by free market forces, rather than being fixed by a government.

floating lien

A general lien against a set of assets, such as inventory or accounts receivable,…

floating rate

Any interest rate that changes on a periodic basis. The change is generally…

floating-rate bond

A bond whose interest is pegged to a benchmark, such as the Treasury Bill rate, and adjusted periodically.

floating security

The lowest possible price limit set by market makers, regulatory bodies or controlling…

floor

The lowest possible price limit set by market makers, regulatory bodies or controlling…

floor broker

An exchange member who executes orders on the floor of an exchange on behalf…

floor loan

A minimum amount that a lender is willing to loan.

floor trader

An exchange member who executes orders on the floor for his or her own account. Also known as a local.

flotation

Going public to raise equity financing and to allow the original owners and early investors to realize some of their gains.

flotation costs

The costs of issuing a new security, including the money investment bankers…

flow of funds

For municipal bonds, a statement that specifies the priorities for which the…

fluctuate

To change in price, value, or rate.

fluctuation limit

The highest and lowest prices that a commodity or option is permitted to reach…

FNMA

FNMA or Fannie Mae. Originally set up by congress in 1938 to aid the US housing…

FOB

Abbreviation for Free On Board, which refers to a shipping term which indicates…

focused fund

A mutual fund that holds large positions in a small number of stocks. While…

FOK

An order given to a broker that must immediately be filled in its entirety or,…

follow-on

An offering of shares after a firm’s initial public offering. Also known as subsequent offering.

FOMC

Abbreviation for Federal Open Market Committee. A 12-member committee which…

FOMC Rate Decision – United States

The announcement of whether the Federal Reserve has increased, decreased…

Food Price Index – New Zealand

Measures the price change of food and food services purchased by households….

forbearance

A lender’s postponement of foreclosure in order to give the borrower time an opportunity to make up for overdue payments.

Forbes 500

An annual listing by Forbes magazine of the top 500 public firms in the U.S. ranked by sales, assets, earnings, and capitalization.

forced conversion

An action resulting in the calling in of a convertible security against the…

forecast

An estimate future trends by examining and analyzing available information.

foreclosure

The legal process by which an owner’s right to a property is terminated, generally…

foreign corporation

A corporation which was incorporated under the laws of a foreign country. Also known as alien corporation.

foreign currency option

An option which gives the owner the right to buy or sell the indicated amount…

Foreign Debt

The money one country owes to another country, as a result of loans and/or a negative balance of trade.

foreign direct investment

Any kind of direct investment in productive assets by a firm incorporated in…

foreign exchange

Foreign Exchange is the trade of one national currency and takes place “over…

Forex

FX and Forex refer to Foreign Exchange, the exchange of one currency for another….

foreign exchange rate

The rate at which one currency may be converted into another. Also known as…

forfeiture

A loss of money, property, or privileges due to a breach of legal obligation,…

forgery

An illegal modification or reproduction of an instrument, document, signature,…

Form 3

A document required by the SEC and the appropriate stock exchange to announce…

Form 4

A document required by the SEC and the appropriate stock exchange to announce…

Form 8-K

A document required by the SEC to announce certain significant changes in a…

Form 10-K

An audited document required by the SEC and sent to a public firm’s or mutual…

Form 10-Q

An unaudited document required by the SEC for all U.S. public firms, reporting…

Form S-1

A registration statement used in the initial public offering of securities.

Form T

A NASD-required form that is used by brokers to report equity transactions after the market’s usual hours.

formula investing

An investment strategy which eliminates emotional decisions by following a specific…

Fortune 500

An annual list of the 500 largest industrial corporations in the U.S., published…

forward

A contract obligating one party to buy and another other party to sell a financial…

forward averaging

A method of calculating taxes on a lump-sum distribution from a qualified retirement…

forward commitment

A sale or purchase of a security at a specified price, with delivery and cash settlement to occur at a specified future date.

forward contract

A cash market transaction in which a seller agrees to deliver a specific cash…

forward cover

The purchase of a cash commodity in order to cover the obligation of a forward contract.

forward deal

A transaction consisting of a purchase or sale (often of foreign currency) with…

forward differential

The percentage difference, in annualized terms, between forward rates and spot rates.

forward discount

Condition in which a currency’s forward price is lower than its spot price.

forward exchange rate

The exchange rate set today for a foreign currency transaction with payment or delivery at some future date.

forward integration

The expansion of a business’ products and/or services to similiar areas in order…

forward interest rate

An interest rate which is specified now for a loan that will occur at a specified…

forward P/E

Also known as Price/earnings ratio, using earnings estimates for the next four quarters.

forward price

The price specified in a forward contract for a specific commodity. The forward…

forward pricing

The SEC requirement that open-end investment firms set their share price based…

Forward Rate Agreement

Abbreviated as FRA, which refers to a forward contract that specifies an interest…

forward sale

An agreement in which a lender sells a specific stream of future payment flows…

forward trade

A trade for which settlement occurs at a specified future date and price.

forward trading

An illegal activity in which a trader takes a position in equity in advance…

foundation

An entity which exists to support a charitable institution, and which is funded by an endowment or donations.

Fourier analysis

A mathematical analysis that attempts to find cycles within a time series of…

Four Percent Model

The direct trading of large blocks of securities between institutional investors…

fourth market

The direct trading of large blocks of securities between institutional investors…

FRA

Abbreviation for Forward Rate Agreement, which refers to a forward contract…

fractional reserve banking

A banking system in which only a fraction of the total deposits managed by a…

fractional share

Less than a single share of stock. Fractional shares often result from stock…

franchise

A form of business organization in which a firm which already has a successful…

franchised monopoly

A government-granted monopoly. The most important reason for the government…

franchise tax

A tax, generally regressive, imposed by a state government on corporations chartered…

fraud

An intentional misrepresentation or concealment of information in order to deceive or mislead. It is illegal.

free and clear

A title that is free of liens and legal questions as to ownership of the property…

Free Application for Federal Student Aid

Abbreviated as FAFSA, refers to a form required by the government for application…

free bond

A bond which is unpledged and can therefore be disposed of immediately.

free cash flow

Operating cash flow (net income plus amortization and depreciation) minus capital…

free delivery

A transaction in which securities are delivered before any payment is made….

free enterprise

A business governed by the laws of supply and demand, not restrained by government…

free float

Shares of a public firm that are freely available to the investing public.

free market

A business governed by the laws of supply and demand, not restrained by government interference, regulation or subsidy.

free market price

A price determined purely by the forces of supply and demand without interference…

Free On Board

Abbreviated as FOB, refers to a shipping term which indicates that the supplier…

free riding

The withholding of part of a new securities issue by a syndicate member, with…

free right of exchange

The ability to transfer stocks from one party to another without incurring a fee.

free trade

International business not restrained by government interference or regulation, such as duties.

FREIT

Abbreviation for Finite-life REIT. REIT which plans to liquidate all of its…

French Franc

The former currency of France until 1 January 1999, when it was superseded by…

French Guiana Franc

The currency of French Guiana.See GoCurrency World Currencies Page & Currency Converter

French Pacific Island Franc

The currency of The French Pacific Islands.

frequency

In the context of advertising, the number of times an individual is exposed…

FRF

The ISO currency code for the Andorran Franc.

friendly takeover

A form of takeover supported by the management of the target firm. Opposite of hostile takeover.

friends and family offering

An offering of stock to the friends and family of a pre-IPO startup in search…

fringe benefits

A non-salary employee compensation.

FRM

Acronym for Fixed-Rate Mortgage, refers to a mortgage in which the interest…

front-ending an order

The cash used to start a business.

front-end load

A sales charge paid when an individual buys an investment, such as a mutual…

front money

The cash used to start a business.

front office

The revenue-generating sales force.

front running

An illegal activity in which a trader takes a position in an equity in advance…

frozen account

A bank account whose funds may not be withdrawn until a lien is satisfied or an ownership dispute is resolved.

frozen plan

A retirement plan to which no new contributions are being made. Previous contributions…

FTC

Abbreviation for Federal Trade Commission. Federal agency whose purpose is to…

FT House Prices – UK

Gauge for costs of homes in the United Kingdom. The FT House Price Index uses…

FTSE

Abbreviation for The Financial Times Stock Exchange 100 stock index, a market…

fulfillment

Completion of a sales order.

full

Said of a bond trading with accrued interest.

full coupon bond

A bond with a coupon rate above, at or just slightly below current market interest…

full disclosure

An obligation to disclose all the facts relevant to a business transaction or…

full faith and credit

An unconditional commitment to pay interest and principal on debt, generally…

full lot

The normal unit of trading of a security; 100 shares of stock or 5 bonds. Also…

full price

The price of a bond including accrued interest.

full ratchet

In venture capital, an investor protection provision which specifies that options…

full-service brokerage

A brokerage which, in addition to executing trades for its clients, also provides…

full stock

Stock with a par value of $100.

full surrender

The distribution or withdrawal of the entire original investment account of…

full trading authorization

The ability of a broker to handle a client’s account at the broker’s discretion,…

fully depreciated

Of an asset, having already allocated the maximum allowable amount for the purposes of depreciation.

fully distributed issue

A new securities issue which has been completely resold to investors (not dealers).

fully invested

Having no cash or cash equivalents in one’s portfolio.

fully valued

A stock whose value is recognized by the marketplace and factored into its price…

functional

Operational, working.

fund

To finance or underwrite.

fundamental analysis

For a currency trader, fundamental analysis focuses on key underlying economic…

fundamentalist

An investor who utilizes fundamental analysis.

fundamentals

Any factor that could be considered important to the understanding of a particular…

funded debt

Any loans and obligations with a maturity of longer than one year; generally…

fund family

A mutual fund firm offering many mutual funds, for various objectives. Generally,…

funding

The act of providing funds.

fund manager

The individual responsible for making decisions pertaining to any portfolio…

fund of funds

A mutual fund which invests in other mutual funds. Just as a mutual fund invests…

funds

To finance or underwrite.

Funds From Operations

Abbreviated as FFO, refers to a financial measure used by REITs to define their…

fund supermarket

A brokerage firm that provides access to a variety of mutual funds from different…

fungible

Having the characteristic of being interchangeable. The term is often used to…

furthest month

The month of an option contract or futures contract which has the latest delivery date. Also known as far month.

futures

A standardized, transferable, exchange-traded contract that requires delivery…

futures commission merchant

An individual or organization accepting orders to buy or sell futures or futures…

futures contract

A standardized, transferable, exchange-traded contract that requires delivery…

futures option

An option on a futures contract.

futures price

The price at which the two participants in a futures contract agree to transact at on the settlement date.

future value

The value at some point in the future of a present amount of money.

FX

FX is short form or trader jargon for Forex, or more specifically Foreign Exchange….

fx market hours

Unlike most other trading markets, the FX market is open for trade 24 hours…

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