25 terms starting with F
A facility letter is a lender's written confirmation of the terms on which it proposes to provide a loan or other finance facility to a borrower.
Read definitionA factor rate is a multiplier that short-term and alternative lenders apply to the amount borrowed to fix the total repayment, instead of quoting an annual interest rate.
Read definitionFactoring is a finance arrangement where a business sells or assigns its unpaid invoices to a specialist lender, the factor, for an immediate cash advance and outsourced collections.
Read definitionFees are the explicit charges a provider applies for a financial product or service, separate from interest and covering access, administration or transactions.
Read definitionA finance lease is a lease where the financier owns the asset and your business pays to use it for most of its life, taking on the risks of ownership.
Read definitionA financial services guide (FSG) is the plain-language disclosure document a licensed financial firm gives retail clients, explaining its services, how it is paid and how to complain.
Read definitionFintech (short for financial technology) is the use of software, data and modern infrastructure to deliver or improve financial services, from mobile payments and digital banking to online lending.
Read definitionFittings are items in a property that are not part of the permanent structure and can be removed without substantial damage, whether freestanding or only lightly attached.
Read definitionFixed assets are the long-term assets a business holds to use in its operations rather than to sell, providing economic benefits for more than one accounting period.
Read definitionA fixed charge is a security interest over a specific, identifiable asset, such as a named machine or building, which the borrower cannot deal with without the lender's consent.
Read definitionA fixed rate is an interest rate locked in for a set term, so the rate and usually the repayments do not change until that term ends.
Read definitionFixtures are items attached to land or a building so firmly that they are treated as part of the real property rather than as movable chattels.
Read definitionA flat rate is an interest method that charges a fixed percentage of the original principal for every year of the term, ignoring the balance you have repaid.
Read definitionA fleet is a group of vehicles owned, leased or managed by one organisation for business use, from a few utes and vans to hundreds of trucks and plant.
Read definitionA floating charge is a security interest over a shifting pool of assets, such as stock and receivables, that lets the business keep trading them until the charge crystallises.
Read definitionA floor rate is the minimum interest rate a variable loan contract allows; lenders also use the phrase for the minimum rate they test serviceability against.
Read definitionForeign Investment Review Board (FIRB) approval is the statutory permission a foreign person may need before acquiring Australian land, property or business interests covered by foreign investment law.
Read definitionFranchise finance is business lending for buying, starting, growing or refinancing a franchise, covering buy-in fees, fit-out, equipment, stock and working capital while allowing for royalties and franchisor fees.
Read definitionFranking credits are tax credits attached to Australian dividends that pass on company tax already paid, so shareholders are not taxed twice on the same profit.
Read definitionFraud is deliberate deception or misrepresentation intended to secure an unfair or unlawful gain or cause loss, such as false documents on a loan application.
Read definitionFringe benefits tax (FBT) is a tax employers pay on non-cash benefits given to employees, such as a work car available for private use.
Read definitionA full payout lease is a lease priced so the lessor recovers the asset's cost, finance charges and fees through the rentals, usually leaving a nominal or zero residual.
Read definitionA full service lease is a vehicle lease in which the lessor supplies the vehicle and bundles finance, maintenance, tyres, registration and fleet administration into one fixed monthly payment.
Read definitionA funder is the party that provides the capital behind a lease or loan and carries the credit risk, whether or not it is the entity named on the contract.
Read definitionFunding is the capital a business uses to start, run or grow, raised as debt, equity, grants or alternative finance.
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