US Tax and
Financial Information
Glossary - F does not research or endorse any product or service appearing in ads on this site.
Before making a major financial decision you  should consult a qualified professional.
Bookmark and Share

Site Map
What's New
Free in 30!
Personal Tax
Tax Rates
California Tax
Save Money
Contact / About Us

Glossary of Accounting, Financial & Investing Information - F

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

Face value

The face value of a bond is the value the bond is worth at maturity.  A newly issued bond usually sells at face value.  Between issue date and maturity date, the market value of the bond will fluctuate depending on current interest rates, and the bond will trade at a premium or a discount.

Federal funds rate

The federal funds rate is a target interest rate set by the Federal Open Market Committee (FOMC), as part of the Federal Reserve Board monetary policy.  It is the interest rate at which financial institutions lend balances at the Federal Reserve to other financial institutions overnight (the overnight rate).

For current and historic target federal funds rates, see the Federal Reserve Board Open Market Operations page.

See also discount rate.

Financial statements

These usually consist of a Balance Sheet, Income Statement, Cashflow Statement, and Notes to the Financial Statements.  Most public corporations publish their financial statements in an Annual Report which is sent to shareholders.  They also usually publish quarterly financial statements, which may or may not be sent out to shareholders.  Most public corporations also have their financial statements available on their corporate web sites, or will mail copies to interest parties.

Fiscal period/fiscal year

Many businesses prepare their accounting records on a calendar year basis, with December 31 as their year-end date.  Their fiscal year is the same as the calendar year.  Some businesses prefer to have their year-end date coincide with a slow period in their business, so they may choose another date as their year-end.  If they choose March 31, then their fiscal year, or accounting year, is April 1 to March 31.

A fiscal period is normally 12 months, but may be less than 12 months when a business starts up.

Free cashflow

Free cashflow is calculated as EBITDA (earnings before interest, taxes, depreciation and amortization) minus taxes paid during the year, minus capital expenditures, and plus or minus  changes in working capital.  See also cashflow and operating cashflow.

Front-end load fund

This type of mutual fund charges a sales commission, often in the range of 2% to 5%, when the mutual funds are purchased.  Also, as with all mutual funds, trailer fees are paid annually by the fund to the advisor, broker or dealer where you hold your funds.  See also no-load fund, and back-end load fund.

Fundamental analysis

Analysis of a company and its financial strength, in order to determine its value.  Fundamental analysis is used by value investors.


Contract to buy or sell a product at a fixed price on a specified date, usually traded on futures exchanges. 

Revised: October 12, 2021

Copyright 2008 Boat Harbour Holdings Ltd.   See Reproduction of information on

The information on this site is not intended to be a substitute for professional advice.  Each person's situation differs, and a professional advisor can assist you in using the information on this web site to your best advantage.
Please see our legal disclaimer regarding the use of information on our site, and our Privacy Policy regarding information that may be collected from visitors to our site.