Secured Loans
Floor broker
Used for listed equity securities. Member of an exchange who is an employee of
a member firm and executes orders, as agent, on the floor of the exchange for
clients.
Floor picture
Used for listed equity securities. Details of the trading crowd for a stock, such as
the major players, their sizes, and the outside market +/- an eighth.
Floor planning
Arrangement used to finance inventory. A finance company buys the inventory,
which is then held in trust for the user.
Floor ticket
Used for listed equity securities. Summary of a stock or commodities exchange
order ticket by the registered representative on receipt of a buy or sell order from
a client; gives the floor broker the information needed to execute a securities
transaction.
Floor trader
A member who generally trades only for his own account, for an account
controlled by him or who has such a trade made for him. Also referred to as a
local.
Flower bond
Government bonds that are acceptable at par in payment of federal estate taxes
when owned by the decedent at the time of death.
Flow-through basis
An account for the investment credit to show all income statement benefits of the
credit in the year of acquisition, rather than spreading them over the life of the
asset acquired.
Flow-through method
The practice of reporting to shareholders using straight-line depreciation and
using accelerated depreciation for tax purposes and flowing through the lower
income taxes actually paid on to financial statement prepared for shareholders.
