Federal Communications Commission (FCC)
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, the spectrum, the media, public safety and homeland security, and modernizing itself. Federal Communications Commission (FCC) What is 'Federal...
FactSet
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 $1.13 billion. FactSet What is 'FactSet' FactSet Research Systems provides computer-based financial data and analysis for financial professionals,...
Fallout Risk
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, there is a risk that the transaction may not be completed. This represents a risk to the mortgage pipeline, as...
Fair Labor Standards Act (FLSA)
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 FLSA is intended to protect workers against certain unfair pay practices or work regulations. The Fair Labor Standards Act is...
Fixed Assets
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 a company intends to use for a period of more than one year, such as land, buildings, machinery, equipment, and...
Facilitating Payment
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 Payment What is 'Facilitating Payment' A financial payment that may constitute a bribe and that is made with...
Feasibility Study
What is a 'Feasibility Study' A feasibility study is an analysis of how successfully a project can be completed, accounting for factors that affect it such as economic, technological, legal and scheduling factors. Project managers use feasibility studies to determine potential positive and negative outcomes of a project before investing a considerable amount of time and money...
Fallen Angel
What is a 'Fallen Angel' A fallen angel is a bond that was given an investment-grade rating but has since been reduced to junk bond status due to the weakening financial condition of the issuer. It is also a stock that has fallen substantially from its all-time highs. There is a fine line between fallen angel bonds...
Fake Claims
What is 'Fake Claims' The term fake claims refers to insurance claims that are made fraudulently. These claims are made in an attempt for the policy holder to benefit financially from making claims that are false or exaggerated. While such practices are a fairly common occurrence, they are highly illegal. Explaining 'Fake Claims' Fake...
Fair Market Value
Definition Fair market value is an estimate of the market value of a property, based on what a knowledgeable, willing, and unpressured buyer would probably pay to a knowledgeable, willing, and unpressured seller in the market. An estimate of fair market value may be founded either on precedent or extrapolation. Fair market value differs from the intrinsic value that an...