Law Dictionary Definitions

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]

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…