What is 'Family And Medical Leave Act - FMLA' The Family and Medical Leave Act (FMLA) was signed into law on August 5, 1993 by President Bill Clinton. The FMLA is a labor law requiring larger employers...
What is 'Federal Farm Credit System - FFCS' In the United States, a network of federally chartered financial institutions designed to provide credit-related services to the agricultural and farming sectors of the economy. In total, this government-sponsored...
What is 'Fairway Bond' A type of bond that accrues interest if the embedded index or interest-rate option underlying the bond remains within a specified range. The fairway in golf is like the index or interest rate...
What is 'Fast Tape' A type of futures market that occurs when a single traded price is unavailable because of the rapid and large number of transactions occurring in the pit or ring. Explaining 'Fast...
DefinitionA fairness opinion is a professional evaluation by an investment bank or other third party as to whether the terms of a merger, acquisition, buyback, spin-off, or privatization are fair. It is rendered for a fee. They are typically...
What is 'Federal Credit Union - FCU' A credit union chartered and supervised by the National Credit Union Association (NCUA), a federal government agency that functions much like the FDIC. Federal credit unions operate like retail banks...
The term security in common usage denotes safety; however in financial parlance the term is taken to refer to a tradable financial asset. In fact this term denotes any kind of financial instrument currently available in the world. Securities are further...
What is 'Fed Balance Sheet' A breakdown of the assets and liabilities held by the Federal Reserve. This report essentially outlines the factors that affect both the supply and the absorption of Federal Reserve funds. The Fed...
What is 'Fair And Accurate Credit Transactions Act - FACTA' A U.S. resolution passed in 2003 that is aimed at enhancing protection measures for identity theft by creating standards for the handling of credit card numbers. This...
What is 'Family Of Funds' A group of mutual funds offered by one investment or fund company. Generally, the constituent funds cover a wide range of fund categories and investment objectives. Also referred to as a...