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Fair Market Value
The value of an asset or assets as of a certain date.
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Federal Tax Identification Number (TIN)
This is a number assigned to a corporation or other business entity by the federal government for tax purposes. The federal tax identification number...
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Federal Trade Commission
An independent agency of the United States government that protects consumers and regulates business practices.
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Fiduciary
A person to whom property or power is entrusted for the benefit of another.
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Fiduciary Duties
The legal duty of a fiduciary to act in the best interests of the beneficiary.
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Final Investment Documents
The Final Investment Documents serve as a formal request by the client to Trust Company of America (TCA) to facilitate the transfer of funds from your...
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Fiscal Year
Any twelve (12) month period used by a business as its fiscal accounting period.
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Five-Day Rule
The rule that states that all contracts must be completed, including any terms that were negotiated and excluding signatures, at least five business...
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Flipping Real Estate
Buying real property and reselling quickly, typically in less than 12 months.
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Floor
The minimum interest rate on an adjustable-rate mortgage.
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Foreclosure
The legal proceedings initiated by a creditor to repossess the collateral for a loan that is in default.
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Foreign Corporation
A corporation is referred to as a foreign corporation in all states except for the state where it is incorporated. If a corporation is “transacting...
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Franchise
A license that allows an entity to use a companys name, trademarks and products for a specified period of time. For the length of the contract, the...
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Franchise Agreement
A written contract detailing the responsibilities of the franchisor and franchisee for the duration of the agreement. It details what each party to...
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Franchise Consultant
An advisor who has extensive experience with, and knowledge of, the franchising industry.
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Franchisee
A person or entity granted a contract to operate a business using a companys name, trademarks and products and which operates a business according to...
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Franchisor
A company that grants contracts to entities which allow the entities to operate a business using the companys name, trademarks and products.
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Fully Funded
“Fully Funded” is a term that Guidant uses when your TCA retirement account has received all of the expected retirement account rollovers from your...
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