F fintech glossary terms

Factoring

Selling invoices for cash.

Family Office

Wealth management for rich family.

Faster Payments

UK real-time payment system.

Faucet

Site giving free crypto.

FDV

Fully Diluted Valuation.

Federal Funds Rate

Interest rate for banks lending to other banks.

Federal Reserve

Central bank of the US.

Fedwire

Real-time settlement system by Fed.

Fiat Currency

Government-issued currency not backed by gold.

Fiat Money

Govt issued currency not backed by gold.

Fiat Off-Ramp

Service to sell crypto for fiat.

Fiat On-Ramp

Service to buy crypto with fiat.

FICO

Proprietary credit scoring model widely used in U.S. consumer lending to estimate borrower default risk from credit bureau data.

Fiduciary

Acting in best interest of client.

FIFO

First In, First Out.

Fill or Kill

Execute totally or cancel.

Fintech

Financial Technology; innovation in financial services.

Firewall

Network security system monitoring incoming/outgoing traffic.

Firmware

Software embedded in hardware.

Fiscal Policy

Use of government spending and tax policies to influence economic conditions.

Fiscal Year

Year used for accounting purposes.

Fixed Cost

Cost that remains constant.

Flash Loan

Uncollateralized loan repaid in same transaction.

Flippening

Ethereum market cap surpassing Bitcoin.

Foreclosure

Lender taking possession of mortgaged property.

Foreign Key

Field linking to the primary key of another table.

Forex

Foreign Exchange market.

Forfaiting

Purchase of exporter receivables.

Fork

Split in the blockchain network.

Forward Contract

Custom contract to buy/sell later.

Forward Guidance

Central bank signaling future policy.

Fractional Reserve

Banks keep only fraction of deposits.

Fractional Shares

Owning a part of a whole share.

Free Cash Flow

Cash available for investors.

Frictionless Flow

A 3-D Secure path where the transaction is authenticated with low user friction and usually without an active challenge.

Front Running

Trading based on advance info.

Fully Diluted Valuation

Market cap if all tokens flowed.

Function

Block of code to perform task.

Fundamental Analysis

Evaluating value based on data.

Funds Confirmation Consent

The consent object or permission that authorizes a provider to check whether funds are available in a customer account.

Futures

Contract to buy/sell later.

Futures Contract

Agreement to buy or sell an asset at a future date.

Futures ETF

ETF investing in futures contracts.