What is 'Federal Employee Retirement System - FERS' A system that became effective in 1987 and replaced the Civil Service Retirement System (CSRS) as the primary retirement plan for U.S. federal civilian employees. Retirement benefits under FERS...
What is the Federal Financial Institutions Examination Council and what do they do
The Federal Financial Institutions Examination Council (FFIEC) is a U.S. government organization that develops and recommends policies for the regulation of financial institutions. The Council is composed...
What is 'Fair Trade Price' Fair trade price is the minimum price paid for certain agricultural products imported from developing countries. Fair trade is a movement that believes it is unethical to pay producers in developing countries...
DefinitionA fat-finger error is a keyboard input error in the financial markets such as the stock market or foreign exchange market whereby an order to buy or sell is placed of far greater size than intended, for the wrong...
DefinitionThe Federal Communications Commission is an independent agency of the United States government created by statute to regulate interstate communications by radio, television, wire, satellite, and cable. The FCC works towards six goals in the areas of broadband, competition,...
DefinitionFactSet Research Systems Inc., trading as FactSet, is a financial data and software company headquartered in Norwalk, CT, United States. The company provides financial information and analytic software for investment professionals. For fiscal year 2016, FactSet's annual sales were...
What is 'Fallout Risk' The lending risk that occurs when the terms of a loan are confirmed simultaneously with the terms of a property sale. Because the mortgage terms are set but the sale is not finalized,...
What is 'Fair Labor Standards Act - FLSA' A United States law which sets out various labor regulations regarding interstate commerce employment, including minimum wages, requirements for overtime pay and limitations on child labor. In general, the...
What are Fixed Assets
Fixed assets are physical or tangible assets that are long-term in nature and are not expected to be converted into cash within the normal operating cycle of the business. Basically, fixed assets are those items that...
DefinitionA facilitating payment is a certain type of payment to foreign officials that is not considered to be bribery according to legislations of some states as well as in the international anti-bribery conventions, e.g., coming from the OECD. Facilitating...