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Fair Credit Billing Act
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Passed by Congress in 1975 to help customers resolve billing disputes with card issuers.
The act requires issuers to credit payments to a customer's account the day they are received. To be protected under the law, the consumer must write to the issuer...
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Fair Weather Fund
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A type of Mutual Fund which tend to perform well during a Bull market.
In other words, it is a Mutual Fund that generally surpasses the market when the market is doing well, and underperforms the market when the market is doing poorly.
Fair weather...
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Fairness Opinion
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A report given by qualified analysts or advisors providing to key decision makers an evaluation of and facts about a merger or Acquisition.
It serves as a document used for Guidance in a merger, takeover, or Acquisition. Basically, it's a professional...
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Fallen Angel
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A Bond that was once investment grade but has since been reduced to junk Bond status or a stock that has fallen substantially from its all time highs.
There is a fine line between fallen angels that are value stocks and those that are headed straight towards...
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Fast Tape
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Rather than quoting a specific price, a fast tape Will give a Range of prices marked by the word "fast" to indicate that the market is moving rapidly.
It is a type of futures market that happens when a single traded price is unavailable because of the...
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Featherbedding
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Term used to describe the practice of a labor union requiring an employer to hire more workers than necessary for a particular task.
Featherbedding has developed over time as unions respond to workers being laid off because of technological change. These...
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Fed Model
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A model thought to be used by the Federal Reserve that hypothesizes a relationship between Long-term treasury Notes and the market return of equities.
The Fed doesn't endorse this tool. In fact, it was named the "Fed model" by Prudential Securities strategist...
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Federal Covered Advisor
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An investment advisor that manages over $25 million in assets for other investors.
These investors must meet regulations of individual states and file with the SEC yearly in order to ensure that all information is recent and accurate.
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Federal Reserve Board
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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.
Its members are appointed by the President subject to Senate confirmation,...
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FHA-Federal Housing Administration
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The Federal Housing Administration (FHA) is a United States government agency created as part of the National Housing Act of 1934. The goals of this organization are: to improve housing standards and conditions; to provide an adequate home financing system...
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Fiduciary Certification
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It is the certification process to ensure that fiduciaries uphold the prudent investment guidelines and practices set forth by state regulations.
Certified fiduciary needs to fulfill all legal requirements set forth by the designation and adhere to the...
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Fiduciary Risk
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A type of Risk that accounts for the possibility of a trustee/Agent who is not optimally performing in the beneficiary's best interests.
This does not mean that the trustee is using the beneficiary's resources for his/her own benefit; this could be the...
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Finance company
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A company which provides loans to customers, usually at higher Interest rates than banks, building societies and credit unions is a finance company.
An Institution that uses its funds chiefly to purchase financial assets (deposits, loans, securities) as...
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Financial Planner
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A qualified investment professional who helps individuals and corporations meet their Long-term financial objectives by analyzing the client's status and setting a program to achieve that client's goals.
He helps people to deal with various personal financial...
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Firewall
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A Security procedure that places a specially programmed computer system between an organization's Local area network (LAN) and the Internet.
It's a legal barrier that prevents both the transference of inside information and the performance of financial...
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Fiscal Year - FY
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Any 12-month period that a company uses for accounting purposes.
The fiscal year may or may not be the same as a calendar year. A fiscal year (or financial year, or sometimes budget year) is a period used for calculating annual ("yearly") financial statements...
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Five-Year Rule
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If a retirement account owner dies before the required beginning date for receiving distributions, the beneficiary may distribute the inherited assets over his/her (the beneficiary's) life expectancy or distribute the assets under the five-year rule.
Under...
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Fixed Rate
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A traditional approach to determining the finance charge payable on an extension of credit.
A predetermined and certain rate of Interest is applied to the principal.
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Flower Bond
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Fixed income products that were originally purchased by investors at a Discount for the purpose of paying federal estate taxes upon their maturity.
Investors would purchase these bonds before their death in anticipation of federal estate taxes. If the...
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Fool's Gold
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A gold-colored mineral that is often mistaken for real gold. Also known as Iron Pyrite.
During historical periods of gold rushes, many less-than-knowledgeable miners would frequently believe that they hit the mother load upon finding a huge cache of fool's...
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Forecasting
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The process of analyzing current and historical data to determine Future trends.
Economic forecasting is the process of making predictions about the economy as a whole or in part.
Stock analysts use various forecasting methods to determine Future stock...
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Foreclosure - FCL
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Usually refers to the repossession of Real Estate.
The legal process required to gain possession of a house when a specified number of mortgage payments have been missed and the client has not sold the house on his own.
FCL is a situation in which...
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Foreign Branch Bank
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A type of foreign bank that is obligated to follow the regulations of both the home and host countries.
Because the foreign branch banks' loan limits are based on the parent bank's capital, foreign banks can provide more loans than Subsidiary banks.
...
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Foreign Exchange Dealers' Association of India -FEDAI.
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A group of banks and financial institutions that deal in foreign Exchange transactions in India.
FEDAI sets transaction commissions and trading rules and guidelines. It is a self regulatory body& It's major activities include framing of rules governing...
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Foreign Invested Enterprise - FIE
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Any one of a number of legal structures under which a company can participate in the foreign economy.
FIEs tend to have tight government regulation at nearly every important business juncture, which limits the efficiency at which any foreign company can...
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Forensic Accounting
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Forensic Accounting utilizes accounting, auditing, and investigative skills to conduct an examination into a company's financial statements. Thus, providing an accounting analysis that is suitable for court.
Forensic accountants are trained to look beyond...
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Foundation
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A private, non-profit, Tax-free organization that collects and distributes money for charitable purposes.
A foundation is a legal categorization of nonprofit organizations. Foundations may also and often have charitable purposes. This type of nonprofit...
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Fractional reserve banking
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A banking system in which only a fraction of the total deposits managed by a bank must be kept in reserve.
The amount of the deposits equals the amount of the reserves times the Deposit multiplier. In the U.S., this system is maintained by the Federal...
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Free Credit Balance
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The Cash held by a Broker in a customer's Margin account that can be withdrawn by the customer at any time without restriction.
This balance is calculated as the total remaining money in a Margin account after Margin requirements, Short sale proceeds and...
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Front-End Load
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A Commission or sales charge that has to be paid at the time of the initial purchase for an investment, usually mutual funds and insurance policies.
It is cut from the investment amount resulting in lowering the size of the investment.
Front-end...
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Fulcrum Fee
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An additional, performance-based fee an advisor charges a client.
The advisor charges the fee when he or she achieves a return above a specified Benchmark.
This is one of the only performance-based fees that advisors are allowed to charge clients....
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Full-Service Broker
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A Broker that provides a large variety of services to its clients, including research and advice, retirement planning, Tax tips, and much more.
This all comes at a price, as commissions at full-service brokerages are much higher than those at Discount...
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