of corporation created by the Tax Reform Act of 1984 that is designed to provide a tax incentive for exporting U.S.-produced goods. Foreign-source income Income earned from international operations. Foreign-targeted issue Notes sold between October 1984 and February 1986 to foreign institutions, foreign short-termbranches of US institutions, foreign central banks or monetary authorities, and to international organizations in which the United States held membership. Sold as companion issues, they could be converted to domestic (normal) Treasury notes with the same maturity and interest rates. Interest was paid annually. Foreign tax credit Home country credit against domestic income tax. Received in return for foreign taxes paid on foreign derived earnings. Foreigner All institutions and individuals living outside the United States, including US citizens living abroad, and branches, subsidiaries, and other affiliates abroad of US banks and business concerns; also central governments, central banks, and other official institutions of countries other than the United States, and international and regional organizations, wherever located. Also refers to persons in the United States to the extent that they are known by reporting institutions to be acting for foreigners. Forex See: Foreign exchange Forfaiter Purchaser of promises to pay issued by importers. Forfaiter (Primary) An individual or financial entity that arranges a forfaiting transaction directly with an exporter and then holds or sells on the payment obligations of the importer/ guarantor. Forfaiter (Secondary) An individual or financial entity that buys or sells the payment obligations of the importer/ guarantor. Forfaiting A form of factoring that involves selling large, medium to long-termreceivables to buyers (forfaiters) who are willing and able to bear the costs and risks of credit and collections. Forfeiting Method of financing international trade of capital goods. Forfeiture The loss of rights to an asset outlined in a legal contract if a party fails to fulfill obligations of the contract. Form 8-K The form required by the SEC when a publicly held company incurs any event that might affect its financial situation or the share value of its stock. Form 4 The form required by the SEC for a change in the holdings of an individual owning 10% or more of the outstandingstock or in the holdings of a company officer. Form S-3 A shorter form of registration statement than the Form S-1 that can be used by certain already-public companies to sell additional shares. It is also the form most often used to cover resales of restricted securities by selling stockholders. Form S-8 A very brief form of registration statement filed with the SEC, registers shares to be issued under a stock plan. Form T The form required by the NASD to report equitytransactions after the market's regular hours. Form 10-K A report required by the SEC from exchange-listed companies that provides for annualdisclosure of certain financial information. Form 3 A form required by the SEC and the stock exchange from all holders of 10% or more of a company's stock and all directors and officers, which details securities owned. Formula basis A method of selling a new issue of common stock in which the SEC