Posts by admin

financial interest.See INTEREST(2).[Blacks Law 8th]

financial institution.A business, organization, or other entity that manages money, credit, or capital, such as a bank, credit union, savings-and-loan association, securities broker or dealer, pawnbroker, or investment company.[Blacks Law 8th]

financial futures.See FUTURES(1).[Blacks Law 8th]

financial deregulation.See DEREGULATION.[Blacks Law 8th]

financial-core membership.Union membership in which a private-company employee pays the union’s initiation fees and periodic dues but is not a full union member. • Financial-core membership is allowed only in states without a right-to-work law, where a union-security contract clause can require employees to pay financial-core membership dues but cannot require full union membership. The…

Financial Crimes Enforcement Network.A unit in the U.S. Department of the Treasury responsible for supporting law-enforcement efforts against domestic and international financial crimes. — Abbr. FinCEN.*[Blacks Law 8th]

financial asset.See current asset under ASSET.[Blacks Law 8th]

Financial Accounting Standards Board.The independent body of accountants responsible for establishing, interpreting, and improving standards for financial accounting and reporting. — Abbr. FASB. [Cases: Accountants 5. C.J.S. Accountants §§ 6–10.][Blacks Law 8th]

financial accounting.See ACCOUNTING(1).[Blacks Law 8th]

finance company.A nonbank company that deals in loans either by making them or by purchasing notes from another company that makes the loans directly to borrowers. commercial finance company.A finance company that makes loans to manufacturers and wholesalers. — Also termed commercial credit company. consumer finance company.A finance company that deals directly with consumers in…