1. factor: To sell accounts receivables at a discount before they are due.
2. factoring: Sale of a firm's accounts receivables to a financial institution.
3. fair market value: The current value of an asset, e.g., the amount at which an asset could be sold or purchased in an arm's-length transaction.
4. fast Pay: A carrier payment program designed to process a carrier invoice in a short time. Loads are paid within five business days from the date the carrier's paperwork is received in house. Carrier must be set up for Fast Pay by the Carrier Relations Department, who determines the percent that will deducted from the carrier's pay for this service. The percentage varies from 3-5%, with 4% being the...
5. Federal Motor Carrier Safety Administration (FMCSA): The Federal Motor Carrier Safety Administration (FMCSA) was established as a separate administration within the U.S. Department of Transportation on January 1, 2000, pursuant to the Motor Carrier Safety Improvement Act of 1999. The purpose of FMCSA is to prevent commercial motor vehicle-related fatalities and injuries. FMCSA activities contribute to ensuring safety in motor carrier operations thro...
6. Federal Register (F.R.): The principal document containing administrative agency law, including proposed and final regulations. It is issued daily.
7. Federal Reserve Bank: One of the 12 member banks constituting the Federal Reserve System that is responsible for overseeing the commercial and savings banks of its region to ensure their compliance with regulations. The 12 banks and their respectitve districts are: Boston - 1; New York - 2; Philadelphia - 3; Cleveland - 4; Richmond - 5; Atlanta - 6; Chicago - 7; St. Louis - 8; Minneapolis - 9; Kansas City - 10; Dallas ...
8. Federal Reserve System: The monetary authority of the US , established in 1913, and governed by the Federal Reserve Board located in Washington , D.C. The system includes 12 Federal Reserve Banks and is authorized to regulate monetary policy in the US as well as to supervise Federal Reserve member banks, bank holding companies, international operations of US banks, and US operations of foreign banks.
9. Federal Trade Commission (FTC): Regulates the profession with regard to privacy for tax preparers, tax planners, and financial planners.
10. fifth wheel: A device used to connect a semi-trailer and tractor.
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