Browsing Debt Glossary by F

"F" grouped definition abstracts of commonly known financial terms you may have heard of while managing your family finances or navigating the directory, with detailed meanings by way of an individual term link click.

  • Fair and Accurate Credit Transactions Act (FACTA) – FACTA is a 2003 law, amending the Fair Credit Reporting Act…
  • Fannie Mae – "Fannie Mae" is a colloquial expression derived from "FNMA", itself standing for the Federal National…
  • Federal Deposit Insurance Corporation (FDIC) – FDIC is a US corporation, founded in 1933, that maintains…
  • Federal Poverty Level – The "federal poverty level" is an ambiguous colloquial phrase that is not rigorously defined…
  • Federal Reserve – The Federal Reserve System, informally known as The Fed, is the central banking system of the…
  • Fee-based Investment – An investment or investment account in which the account advisor is compensated by a…
  • Federal Housing Administration (FHA) – The FHA is a federal agency that insures residential mortgages. The FHA…
  • FHA Loan – An FHA loan, or FHA mortgage, is a mortgage insured by the Federal Housing Administration (FHA). FHA…
  • FICO Score – The phrase "FICO" is derived from Fair Isaac Credit Organization, and a FICO score is a standard…
  • Fiduciary – In personal finance, fiduciary can be used as either a noun or as an adjective. As a noun, the term…
  • Finance Charge – Finance charge is a generic term used to describe charges on an account including interest, fees…
  • Finance Company – A finance company is any company that makes loans to clients. Finance companies are not…
  • Finances – All money resources taken in the aggregate comprise an individual’s finances. In the general sense…
  • Financial Institution – An imprecise term indicating a company or other organization that deals with money in some…
  • Financial Planning – Financial planning is the act of establishing a roadmap to deliberate financial improvement by…
  • Financial Risk Management – All forms of investment carry a tradeoff between potential return and risk of loss. The…
  • First Mortgage – In a situation where multiple mortgages have claim on a property, the first mortgage has first claim…
  • Fixed Rate Mortgage (FRM) – A fixed rate mortgage is a type of mortgage in which the interest rate does not change…
  • Fixed-income – In personal finances, the term fixed-income can be used in several ways. For example, a security…
  • Flexible Spending Account (FSA) – A flexible spending account, or FSA, is a type of employee benefit allowing…
  • Forced Liquidation – Forced, or involuntary, liquidation is the process of having one’s assets forcibly liquidated, or…
  • Foreclosure – Foreclosure is the process whereby a mortgagee (e.g., the bank) obtains court approval forcibly to…
  • Foreign Exchange – The foreign exchange is the aggregated currency exchange market where currencies of one…
  • Fraud – Fraud is any illegal activity perpetrated with the intent to deceive; in the realm of finance, fraud is almost…
  • Free and Clear – The colloquial phrase "free and clear" is usually meant to indicate something is not subject to a…
  • Fringe Benefit – Most employers offer a variety of employee benefits to supplement employee pay, and these…
  • Frozen Account – An account which cannot be accessed by withdrawals or deposits is said to be "frozen". Frozen…