Financy Glossary
The online dictionary of financial terms



Fallen Angel

A nickname for a bond that was issued at a rating of BBB or better, but has now fallen to BB or below.


Far Month

The month of an option or futures contract that has the latest delivery date.


Federal Agency Security (USA)

This term is chiefly used in the United States. It denotes a debt instrument issued by a U.S. federal agency.


Fill Or Kill

An order that must be filled completely or eliminated.

Example: The client gives the broker a fill or kill order for 500 shares in AT&T for a maximum share price of $50. This means that the broker is not allowed to make a purchase unless he can fill the whole order for a share price of $50 or less. If less than 500 shares is available when the price reaches $50 or below, the broker doesn’t buy any shares.


Final Dividend

End of year dividend. It is announced by the company together with the full-year results.

In the United Kingdom, dividend paying share companies will typically pay dividends twice a year. The end of year dividend (final dividend) is normally larger than the interim dividend.



Forbrukslån is a Norweigan term used for unsecured personal loans. These loans are usually small (less then 1 million). Applications are processed primarily based on financial history and income.  Most people can borrow a lot less than 1 million (or even USD100 000). You need to have a very high salary to be allowed to borrow USD 1 million.  Read more about Forbrukslån.


Fortune 500

Fortune 500 is an annual list compiled and published by Fortune Magazine, ranking the 500 largest U.S. corporations based on total revenue for their respective fiscal year.

Privately held companies can only make it into the list if the size of their revenue has been made publicly available. (Revenue size is always publicly available for public U.S. companies.)

Originally, only companies whose revenues came from manufacturing, mining or energy exploration were eligible for the Fortune 500.


Free Asset Ratio

The free asset ratio of a company will tell you the ratio between assets and liabilities. It is expressed as a percentage.

Example: The company has €1 million in assets and €200,000 in liabilities. The free asset ratio is 80%.

Free Asset Ratio is a measurement most commonly used when assessing insurance companies. Knowing the ratio between assets and policy liabilities is important when assessing insurance companies.



Front End Load

Front end load is a charge imposed by a management company on a mutual fund or unit trust to cover administration costs and commission at the time of purchase.


Fully Invested

A portfolio is fully invested when all the money has been invested and there is no cash left available for future purchases.


Futures Contract

A futures contract is a standardized forward contract which can be easily traded between parties other than the two initial contract parties.