guide to lease buy invest

Fair market value
Fair market value is the price you would have to pay to buy a particular asset or service on the open market. The concept of fair market value assumes that both buyer and seller are reasonably well informed of market conditions, that neither is under undue pressure to buy or sell, and that neither intends to defraud the other.

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Family of funds
Many large mutual fund companies offer a variety of stock, bond, and money market funds with different investment strategies and objectives. Together, these funds make up a family of funds.

Family of funds | Details |

Fannie Mae
Fannie Mae has a dual role in the US mortgage market. Specifically, the corporation buys mortgages that meet its standards from mortgage lenders around the country and packages those loans as debt securities, which it offers for sale on the open market. By making money available to lenders, the corporation makes it possible for more potential home owners to borrow at affordable rates. Sometimes described as a quasi-government agency because of its special relationship with Washington, Fannie Mae is a shareholder-owned corporation whose shares trade on the New York Stock Exchange (NYSE).

Fannie Mae | Details |

Federal Deposit Insurance Corporation (FDIC)
Established by the federal government in 1933 after the bank failures of the Great Depression, the FDIC guarantees deposits in member banks and thrift institutions for up $100,000 per depositor per bank. If the bank fails, the government will make good on your money up to the established limits.

Federal Deposit Insurance Corporation (FDIC) | Details |

Federal funds
When banks have more cash available than they're required to hold in their reserve accounts, they can deposit the money in a Federal Reserve bank or lend it to another bank overnight. That money is called federal funds, and the interest rate at which the banks lend is called the federal funds rate.

Federal funds | Details |

Federal Insurance Contributions Act (FICA)
FICA is the federal law that requires employers to withhold wages from employee paychecks and deposit that money in designated government accounts. These accounts, or trust funds, provide a variety of benefits to US citizens through a program commonly known as Social Security. Retirement income is the largest benefit that FICA withholding supports, but it also funds disability and unemployment insurance.

Federal Insurance Contributions Act (FICA) | Details |

Fiduciary
A fiduciary is an individual or organization legally responsible for holding or investing assets on behalf of someone else, usually called the beneficiary. The assets must be managed in the best interests of the beneficiary and never for personal gain to the fiduciary.

Fiduciary | Details |

Finance charge
The interest you pay on money you borrow, plus certain fees for arranging the loan, is known as a finance charge. The term also refers to the interest you owe on outstanding balances on your credit cards.

Finance charge | Details |

Financial institution
Any institution that collects money from the public and puts it into assets such as stocks, bonds, bank deposits, or loans, rather than into tangible property (such as real estate or an automobile), is considered to be a financial institution.

Financial institution | Details |

Financial planner
A professional financial planner evaluates your personal financial situation and helps you develop a plan to meet both your immediate needs and your long-term goals.

Fee-only planners charge you by the hour or sometimes charge a flat fee for a specific service. They don't sell products or get sales commissions. Other planners don't charge a fee but earn commissions on the products you buy. Still others charge fees and get commissions but may offset part of their fee with commissions on products you buy.

Financial planner | Details |

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