Business and Personal Finance Dictionary

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• FULL EMPLOYMENT AND BALANCED GROWTH ACT OF 1978 (HUMPHREY-HAWKINS ACT) - Federal legislation that, amon...
  
  
• FULL FAITH AND CREDIT - The pledge of "the full faith and credit and taxing power without limitation as...
  
  
• FULL FAITH-AND-CREDIT OBLIGATIONS - The security pledges for larger municipal bond issuers, such as sta...
  
  
• FULL INCOME VERIFICATION - A requirement for fully documented proof of income; loans of this type usual...
  
  
• FULL MARKET VALUE - In reference to property taxes, usually refers to the tax rate applied to 100 perce...
  
  
• FULL PAYOUT - A phrase used to describe personal property leases that are structured such that the bank...
  
  
• FULL PRICE - Also called dirty price; the price of a bond including accrued interest. Related: Flat pri...
  
  
• FULL RATCHET - an anti-dilution protection mechanism whereby the price per share of the preferred stock...
  
  
• FULL RECONCILIATION - a service that matches issued checks to paid checks and reports the remaining out...
  
  
• FULL RECOURSE - No matter what risk event occurs, the borrower or its guarantors guarantee to repay the...