Secured Loans
The index formula is the market capitalization at the base date, adjusted for all
capital changes affecting the particular index since the base date. See: footsie.
Financing decisions
Decisions concerning the liabilities and stockholders equity side of the firms
balance sheet, such as the decision to issue bonds.
FINEX
The financial futures and options division of the New York Cotton Exchange
(NYCE), with a trading floor in Dublin, FINEX Europe, creating a 24-hour market
in most FINEX contracts.
Finish
Used in the context of general equities. See: Fill.
Firm
Refers to an order to buy or sell that can be executed without confirmation for
some fixed period. Also, a synonym for company.
Firm commitment underwriting
An undewriting in which an investment banking firm commits to buy the entire
issue and assumes all financial responsibility for any unsold shares.
Firm market
Used in the context of general equities. Prices at which a security can actually be
bought or sold in decent sizes, as compared to an inside market with very little
depth.
Firm order
Used in the context of general equities. 1) Order to buy or sell for the proprietary
account of the broker-dealerfirm; 2) buy or sell order not conditional upon the
customers confirmation.
Firms net value of debt
Total firm value minus total firm debt.
