Letter F: Bookkeeping and Accounting Definitions

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A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

The ascertainment of facts or conditions.

Factor:

One of two or more quantities that, when multiplied together, produce a given quantity.

Factorial:

The product of a series of consecutive positive integers from 1 to a given number.

Factorize:

To convert into factors.

Fair Market Value:

A price for something that both buyer and seller willingly agree to when neither party is under undue pressure to complete the transaction.

Fair Trade:

To set a price no less than the manufacturer's minimum price on (a branded or trademarked product).

Fiduciary:

Pertaining to a position of trust or confidence.

Filing:

The To put on file in systematic order, as papers for reference.

Finance:

The science of monetary affairs. Funds, revenue, income. To manage the finances of. To supply the money for.

Financial:

Of or pertaining to finance, monetary. Of or pertaining to those dealing professionally with money and credit.

Financier:

One skilled in or occupied with financial affairs. A capitalist.

Fixed Assets:

An asset of a business that is central to its operation and is not traded.

Forfeit:

To incur the loss of through some fault, omission, error, or offense.

Fortune:

An amount of wealth, usually great wealth.

Fraction:

A quantity less than a unit, or one expressed as the sum of a number of aliquot parts of a unit.

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