margin account'scredit balance. Fictitious credit exists after the proceeds from a short sale are accounted for with respect to the margin requirement. The proceeds from the short sale are reflected as a credit, but must stay in the account to serve as security for the loan of securities made in a short sale, and are therefore inaccessible to the client for withdrawal. Fidelity bond See: Blanket fidelity bond Fiduciary One who must act for the benefit of another party. Fiduciary out A provision that permits the Board of Directors to terminate a proposed merger if a better deal arises with another party. Field warehouse Warehouse rented by a company on another firm's premises. FIFO See: First in, first out Figure Refers to details about price including the bid and offer. See: Handle Figuring the tail Calculating the yield at which a future money market (one available some period hence) is purchased when that future security is created by buying an existing instrument and financing the initial portion of its life with a term repo. Fill The price at which an order is executed. Fill or kill order (FOK) A tradingorder that is canceled unless executed within a designated time period. A market or limited price order that is to be executed in its entirety as soon as it is represented in the trading crowd, and, if not so executed, is to be treated as canceled. For purposes of this definition, a stop is considered an execution. Equivalent to AON and IOC simultaneously. Filter A rule that stipulates when a security should be bought or sold according to its price action. Final Take In the context of project financing, the final participation. Finance A discipline concerned with determining value and making decisions. The finance function allocates resources, including the acquiring, investing, and managing of resources. Finance charge The total cost of credit a customer must pay on a consumer loan, including interest. Finance company A company whose business and primary function is to make loans to individuals, while not receiving deposits like a bank. Finance Lease An agreement where the leaser receives lease payments to cover its ownership costs. The lessee is responsible for maintenance, insurance, and taxes. Some finance leases are conditional sales or hire purchase agreements. Financial Accounting Standards Board (FASB) Board composed of independent members who create and interpret Generally Accepted Accounting Principles (GAAP). Financial adviser A professional offering financial advice to clients for a fee and/or commission. Financial analysis Analysis of a company'financial statement, often by financial analysts. Financial analysts Also called securities analysts and investment analysts. Professionals who analyze financial statements, interview corporate executives, and attend trade shows, in order to write reports recommending either purchasing, selling, or holding various stocks. Financial assets Claims on real assets. Financial Close The time when the documentation has been executed and conditions precedent have been satisfied or waived. Drawdowns are now permissible. Financial control The management of a firm's costs and expenses in relation to budgeted amounts. Financial distress Events preceding and including bankruptcy, such as violation of loancontracts. Financial distress