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Terms & Definitions - F

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Face value: The principal amount, or value at maturity, of a debt obligation. Also known as the par value or denomination.


Fair market value: The accepted buying and selling price in an open market at any given time.

 

Fee Guide: A fee structure published annually by each provincial dental association (with the exception of Alberta) which suggests dollar limits for various dental procedures. Insurers use this fee guide to establish what they’ll pay for dental services claimed.


Fiduciary: An individual or institution occupying a position of trust. An executor, administrator or trustee. Hence, "fiduciary" duties.


Financial dependent: A person is generally considered financially dependent on a deceased annuitant if, prior to death, they ordinarily resided with and depended on the annuitant, and their net income was below a certain level. If, prior to the annuitant's death, the dependent lived away from home while attending school, they are considered to have resided with the annuitant.


Fiscal policy: The policy pursued by government to manage the economy through its spending and taxation powers.

Fixed assets: Assets of a long-term nature, such as land and buildings.

Fixed dollar withdrawal plan: A plan that provides the mutual fund investor with fixed-dollar payments at specified intervals, usually monthly or quarterly.

Fixed liability: Any corporate liability that will not mature within the following fiscal period. For example, long-term mortgages or outstanding bonds.

Fixed income investments: Investments that generate a fixed amount of income that does not vary over the life of the investment.

Fixed-period withdrawal plan: A plan through which the mutual fund investor's holdings are fully depleted through regular withdrawals over a set period of time. A specific amount of capital, together with accrued income, is systematically exhausted.


Foreign content: The international portion of an RRSP or RRIF. As of the taxation year 2000, you are allowed to hold up to 25 percent in non-Canadian securities.  Up from 20% in prior years.


Front-end load: A sales charge levied on the purchase o mutual fund units.

Fundamental analysis: A method of evaluating the future prospects of a company by analyzing its financial statements. It may also involve interviewing the management of the company.


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What's New

January 31 2010

March 1, 2010 – cut-off date for RRSP loan and investment applications -

RRSP paperwork must be dated, completed and submitted no later than March 1,... More »

 
January 2 2010

Biggest 1-year advance in 26 years -

The benchmark index of the Toronto Stock Exchange ended a wildly volatile 2009... More »

 
December 30 2009

Most-read money stories of 2009 -

Economic recovery, economic recovery and economic recovery dominate list of most... More »

 

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