Extended Coverage Endorsement provides additional insurance protections beyond the Standard Fire Policy, including coverage for perils such as riot, civil commotion, smoke, aircraft and vehicle damage, windstorm, hail, and explosion.
External documents, such as vendor invoices and canceled checks, play a crucial role in company recordkeeping due to their greater independence and verifiability compared to internal documents.
An in-depth guide to external funds, including sources like bank loans, bond offerings, and venture capital infusions, their types, applicability, historical context, and more.
Externalities are unintended side effects of economic activities that affect third parties; they can be either positive or negative.
An additional dividend paid to shareholders in addition to the regular dividend, often after a particularly profitable year to reward shareholders and encourage loyalty.
Extra Expense Insurance is designed to help businesses cover unforeseen additional costs to maintain operations during emergencies. This can include expenses like renting temporary equipment or relocating critical operations.
An extraordinary assumption is a vital hypothesis within an appraisal process, crucial to the accuracy of the value opinion provided. If this assumption proves incorrect, the entire appraisal's validity is compromised. Compare it to a hypothetical condition.
Comprehensive explanation of extraordinary dividends, including their characteristics, implications, types, and examples.
An extraordinary item is a nonrecurring occurrence that must be explained to shareholders in an annual or quarterly report. Examples include the write-off of a division, acquisition of another company, sale of a large amount of real estate, or uncovering employee fraud that negatively affects the company's financial condition.
Redirect entry for the term FACE, which points to specific terms such as FACE INTEREST RATE and FACE VALUE.
The Face Amount, or Face of Policy, represents the sum of insurance provided by an insurance policy, payable at the time of death or policy maturity.
The face amount of a bond, also known as its face value, is the nominal or par value of the bond, representing the amount paid back to the bondholder at maturity.
Understanding the Face Interest Rate on Bonds and Loans
Comprehensive explanation of face value, its significance in financial instruments such as bonds and checks, and comparison with market value.
Definition and Explanation of a Factor: An agent employed to sell goods or merchandise consigned or delivered by or for a principal for compensation commonly called factorage, discount, or commission.
An extensive article delving into the different meanings and applications of the term 'Factors,' including economic resources, commission merchants, business intermediaries, and factoring agents.
A 'Fail to Deliver' situation occurs when the broker-dealer on the sell side of a contract has not delivered securities to the broker-dealer on the buy side. This situation is often due to the selling customer failing to provide the necessary delivery.
An in-depth look at the situation where the broker-dealer on the buy side of a contract has not received delivery of securities from the broker-dealer on the sell side.
A comprehensive guide on the Failure-to-File Penalty assessed on a tax return not filed by the due date, including an overview of rates, exceptions, and related penalties.
A type of insurance coverage offered to inner-city business owners or homeowners who cannot purchase property insurance through conventional means.
An in-depth exploration of the Fair Credit Billing Act (FCBA), a federal law designed to address credit complaints and eliminate abusive billing practices.
The Fair Credit Reporting Act (FCRA) is a federal law that allows individuals to access and correct their credit records at credit reporting bureaus.
An in-depth look into Fair Market Value — the price at which an asset or service changes hands between a willing seller and a willing buyer under normal conditions.
The Fair Rate of Return is a level of profit that a public utility is allowed to earn as determined by federal and/or state regulators. It ensures that utilities can maintain service, pay dividends, and invest in infrastructure.
An in-depth exploration of Fair Value, a term adopted by the Financial Accounting Standards Board (FASB) used to measure the value of assets and liabilities in an orderly transaction between market participants.
A Fairness Opinion is a professional judgment given by appraisers or investment bankers on the fairness of the price in mergers, takeovers, or leveraged buyouts.
Explaining the phenomenon where a stock's price drops sharply, typically due to negative corporate developments, such as failed takeovers or underwhelming profits.
A Family Limited Partnership (FLP) is a type of Limited Partnership where interests are held by members of the same family, offering advantages in gift and estate tax reductions but limiting complete ownership freedoms.
A detailed examination of the concept of a family of funds, highlighting various fund types, their objectives, and the benefits of investing in them.
A comprehensive overview of Fannie Mae, also known as the Federal National Mortgage Association, including its history, functions, and impact on the housing market.
The Farm Service Agency (FSA) is an agency of the U.S. federal government that provides mortgage loans at below-market interest rates for farmers and individuals serving the agricultural community.
An in-depth look at Farmer Mac (Federal Agricultural Mortgage Corporation), its functions, history, and impact on the agricultural mortgage market.
A comprehensive exploration of the favorable trade balance, where a nation's export value exceeds its import value, along with implications for the economy.
Comprehensive overview of the Federal Deposit Insurance Corporation (FDIC), its history, purpose, and role in the financial system.
An in-depth explanation of Federal Funds and the Federal Funds Rate, including definitions, mechanisms, examples, historical context, and related terms.
A brief redirecting entry referring to the Federal Reserve Board, often abbreviated as the 'Fed.' The term is widely used in economic contexts relating to the central banking system of the United States.
Federal Agency Security is a debt instrument issued by an agency of the federal government, such as the Federal National Mortgage Association or the Federal Farm Credit Bank. Though not obligations of the U.S. Treasury, these securities are sponsored by the government and have high credit ratings.
The Federal Agricultural Mortgage Corporation, commonly referred to as Farmer Mac, is a federal agency established in 1988 to provide a secondary market for farm mortgage loans.
An overview of the Federal Crisis Inquiry Commission (FCIC), a panel created by President Barack Obama in 2009 to investigate the causes of the financial crisis in the United States.
An in-depth exploration of federal deficit (surplus), causes, implications, types of government debt, historical context, and related terms.
The Federal Deposit Insurance Corporation (FDIC) is an independent federal agency established in 1933. It insures deposits up to $250,000 in member commercial banks and sometimes acts to prevent bank failures.
A comprehensive guide to understanding the Federal Estate and Gift Tax, including definitions, the computation process, and special considerations.
An in-depth exploration of the Federal Farm Credit Bank and the Federal Farm Credit System, their roles, historical context, and impact on U.S. agriculture.
Federal Flood Insurance offers subsidized and nonsubsidized coverage for residents in qualifying communities, insuring structures and contents against flood damage.
Detailed explanation of Federal Funds, including their roles in the banking system, types, examples, and historical context.
Understanding the Federal Funds Rate: an essential interest rate in the banking system, set daily by the market, crucial for meeting reserve requirements.
The Federal Home Loan Bank System was a federal credit system that provided credit reserves to savings and loan associations, cooperative banks, and other mortgage lenders, operating similarly to the Federal Reserve Bank's role with commercial banks.
An in-depth look at the Federal Home Loan Mortgage Corporation (FHLMC), also known as Freddie Mac, including its functions, history, structure, and significance in the U.S. mortgage market.
The Federal Housing Finance Agency (FHFA) is a U.S. government agency established in 2008 to oversee housing-related government-sponsored enterprises, including Fannie Mae, Freddie Mac, and the Federal Home Loan Banks.
An in-depth look into the Federal Insurance Contributions Act (FICA), the federal law that mandates Social Security and Medicare taxes.
The Federal Intermediate Credit Bank (FICB) is one of the 12 banks that make loans available to various institutions extending credit to agricultural producers. The stock of each bank is owned by farmers and ranchers.
The Federal Land Bank is an agency that provides mortgage loans on rural properties to farmers and individuals who provide essential services to the farming and ranching community. Borrowers are required to purchase stock in their local land bank association as additional security for the loan.
The Federal National Mortgage Association, known as Fannie Mae, is a publicly owned Government-Sponsored Enterprise (GSE) chartered in 1938 to purchase mortgages from lenders and resell them to investors.
The Federal Open Market Committee (FOMC) is a key component of the Federal Reserve System responsible for setting short-term monetary policy for the United States. It consists of the seven governors of the Federal Reserve Board, the president of the New York Federal Reserve Bank, and the presidents of four other regional Federal Reserve Banks.
A detailed examination of the Federal Reserve Bank, one of the 12 regional banks that comprise the Federal Reserve System, responsible for overseeing regional commercial and savings banks and providing them with critical resources.
The Federal Reserve Board (FRB) is the governing board of the Federal Reserve System, responsible for setting key policies in banking regulations, reserve requirements, and monetary policies.
A comprehensive guide to Federal Reserve Districts, including their structure, roles, and historical context.
An in-depth exploration of Federal Reserve Notes, their history, function, and significance in the U.S. financial system.
An overview of the Federal Reserve Open Market Committee (FOMC), its role, structure, operations, and significance in formulating U.S. monetary policy.
Comprehensive coverage of Federal Savings and Loan Associations including their role, history, scope, and special considerations.
An overview of the Federal Savings and Loan Insurance Corporation (FSLIC), a federal agency founded in 1934 to insure deposits in savings and loan associations, and its transition of functions to the Federal Deposit Insurance Corporation (FDIC) in 1989.
A Federal Tax Lien is a legal claim by the United States on a taxpayer's property when the taxpayer neglects or fails to pay a tax debt owed to the federal government.
FedWire is a high-speed, computerized communications network that connects Federal Reserve Banks, branches, and specific U.S. Treasury offices, facilitating instant financial transactions and reserve balance transfers.
Feeder Fund is an investment vehicle similar to a Fund of Funds but differs in that it channels investments to a master fund responsible for managing the underlying investments.
An in-depth look at Furniture, Fixtures, and Equipment (FF&E), including definitions, types, applications in various industries, and related concepts.
An in-depth look at FHA Mortgage Loans, insured by the Federal Housing Administration (FHA), including the popular Section 203(b) program.
The FHFA House Price Index (HPI) is a comprehensive measure of the movement of single-family house prices in the United States. Compiled by the Federal Housing Finance Agency (FHFA), this index is based on data collected from loans held by government-sponsored enterprises (GSEs), and values are available for each state and metropolitan area.
An exploration of fiat money, its definition, types, historical context, and economic implications.
FICA stands for Federal Insurance Contributions Act, a law enacted as part of the Social Security Act of 1935, mandating payroll taxes to fund Social Security and Medicare programs.
Understand what a FICO score is, how it is calculated, its historical context, and its implications for both consumers and lenders.
A Fidelity Bond guarantees that the insurance company will compensate the insured business or individual for financial or property losses caused by dishonest acts of employees.
A detailed exploration of fiduciaries, their responsibilities, various types, examples, and their importance in legal and financial contexts.
Comprehensive explanation of Fiduciary Bond, including its different types, legal implications, examples, and historical context. See also Judicial Bond.
A comprehensive definition and exploration of FIFO (First In, First Out), including its applications in various fields, examples, historical context, and related terms.
A comprehensive guide to understanding fifteen-year mortgages, their benefits, and key considerations
A Fill or Kill (FOK) order is an instruction to buy or sell a security immediately in its entirety, or else the order is canceled completely. These orders are typically used to ensure that transactions do not suffer delays or partial completions.
Final goods are products that are not currently used in the production of other goods, typically consumed by the end user.
A comprehensive guide to understanding finance charges, including interest and discount points, and their applications in various forms of credit.
A comprehensive overview of Financial Accounting, its key aspects including balance sheets and income statements, differences from managerial accounting, historical context, applicability, and more.
Comprehensive guide to the Financial Accounting Standards Board (FASB), its history, role in setting Generally Accepted Accounting Principles (GAAP), and its comparison with the International Accounting Standards Board (IASB).
Financial Advertising refers to marketing efforts directed towards the promotion of financial services and products such as mutual funds, partnership units, and other securities. Such advertising must adhere to strict regulations enforced by bodies like the SEC.
A detailed guide on what financial advisers do, their types, the importance of their role, and considerations when choosing a financial adviser.
An in-depth exploration of financial analysis, its significance, methodologies, and applications within the context of evaluating the financial statements of a company.
Financial assets encompass various forms of intangible assets such as stocks, bonds, rights, certificates, and bank balances, distinguishing them from tangible, physical assets like real property.
An in-depth exploration of financial feasibility focusing on assessing the economic justification of proposed land use changes.
A comprehensive overview of financial futures contracts, their characteristics, types, examples, and their relationship with interest rates.
The Financial Industry Regulatory Authority (FINRA) is a self-regulatory organization (SRO) that serves as the largest non-governmental regulator of securities firms in the United States. Created in 2007 through the consolidation of the NASD and NYSE's regulatory functions, FINRA oversees brokerage firms, branch offices, and registered securities representatives.
A comprehensive federal law passed in 1989 aimed at restructuring the regulatory and deposit insurance landscape for savings and loan associations and implementing reforms to address and prevent failures and nonperforming loans.
A comprehensive look at financial intermediaries, including types, functions, examples, historical context, and related terms.
A financial lease involves a lessor providing financing for property, with the lessee bearing responsibilities such as maintenance, insurance, and taxes.
Financial leverage involves using borrowed funds to increase the potential return on investment. This article explains types of financial leverage, examples, historical context, its applicability, and more.
An in-depth exploration of the Financial Management Rate of Return (FMRR), its calculation, application in real estate investments, and comparison with the Internal Rate of Return (IRR) method.
A comprehensive guide to financial markets, including their types, functions, examples, and related terms such as capital market and money market.
A comprehensive guide to understanding financial plans, their importance, and practical steps for individuals and businesses to achieve financial goals.
Professional who analyzes personal financial circumstances and prepares a program to meet financial needs and objectives.
An in-depth look at the financial position, detailing the status of a firm's assets, liabilities, and equity at a specific point in time.
An in-depth look at the financial pyramid, a risk structure strategy used by investors to diversify and manage risk across various investment vehicles.
A comprehensive guide to financial risk, which encompasses the increased potential for volatility in investment performance caused by the use of borrowed money, commonly known as leverage.
Also known as the Gramm-Leach-Bliley Act, this 1999 law repealed sections of the Glass-Steagall Act and the Bank Holding Company Act of 1956, facilitating affiliations among banks, securities firms, and insurance companies.
A detailed examination of a Financial Statement, including components like Balance Sheet, Income Statement, and additional elements such as Working Capital, Net Worth, and Cash Flow.
