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financial statement. 1. A balance sheet, income statement, or annual report that summarizes an individual’s or organization’s financial condition on a specified date or for a specified period by reporting assets and liabilities. — Also termed financial report. Cf. FINANCING STATEMENT. certified financial statement.A financial statement examined and reported by an independent public or certified…

Financial Services Agency.The regulatory body that oversees the United Kingdom’s financial-services industry, including exchanges and related entities. — Formerly termed Securities and Investment Board.[Blacks Law 8th]

financial secretary.1.SECRETARY. 2.TREASURER.[Blacks Law 8th]

financial-responsibility clause.Insurance. A provision in an automobile insurance policy stating that the insured has at least the minimum amount of liability insurance coverage required by a state’s financial-responsibility law. [Cases: Insurance 2737, 2756. C.J.S. Insurance §§ 422, 1027, 1031.][Blacks Law 8th]

financial-responsibility act.A state statute conditioning license and registration of motor vehicles on proof of insurance or other financial accountability. [Cases: Automobiles 43; Insurance 2737.C.J.S. Insurance §§ 1027, 1031; Motor Vehicles §§ 223–224.][Blacks Law 8th]

financial report.See FINANCIAL STATEMENT.[Blacks Law 8th]

financial planner.A person whose business is advising clients about personal finances and investments. • Upon completing a certification program, such a person is called a certified financial planner. — Abbr. CFP.[Blacks Law 8th]

financial market.See MARKET.[Blacks Law 8th]

Financial Management Service.A unit in the U.S. Department of the Treasury responsible for developing and managing systems for moving the U.S. government’s cash by assisting other agencies in collecting and disbursing funds; collecting and publishing financial information; and collecting delinquent debts. — Abbr. FMS.[Blacks Law 8th]

financial intermediary.A financial entity — usu. a commercial bank — that advances the transfer of funds between borrowers and lenders, buyers and sellers, and investors and savers.[Blacks Law 8th]