What Is Fungibility? Fungibility is the ability of a good or asset to be interchanged with other individual goods or assets of the same type. Fungible assets simplify the exchange and trade processes, as fungibility implies equal value between the assets. Key Takeaways Fungibility is the ability of a good or asset to be readily
What Is Fuqua School of Business? Fuqua School of Business is a graduate business school located at Duke University in Durham, North Carolina. Founded in 1969, its Master of Business Administration (MBA) program is regularly ranked among the top 15 programs in the world. In 2019, The Economist rated it as the world’s ninth-best MBA
What Is a Furlough? A furlough is a temporary layoff, an involuntary leave, or some other modification of normal working hours without pay for a specified duration. Businesses use furloughs for a variety of reasons, such as plant shutdowns, or when a broad reorganization makes it unclear which employees will be retained. In the military, furloughs are
What is a Furnisher A furnisher is a company that provides information about a consumer, including credit history, to a credit bureau. Understanding Furnisher Furnishers play an important role in helping businesses make decisions about whether or not to grant credit to an individual who has requested it. Before providing credit, whether that may be
What Is a Future Advance? A future advance is a clause in a mortgage that provides for additional availability of funds under the loan contract. If a future advance clause is included in a loan contract then the borrower can rely on obtaining funds from the lender under the terms of the contract without being
What Is Future Capital Maintenance? Future capital maintenance is a term used to account for future expenses that a company expects to incur in order to maintain its fixed assets or equipment needed to help generate income. Future capital maintenance is typically estimated by an accounting department and is written as a line item on a
What Is Future Dating? Future dating is the scheduling of a banking transaction to occur at a later date. A payment is authorized to credit a bank account, with an agreement that the funds will not be transferred and made available to the recipient until a specified point in the future. Key Takeaways Future dating
What Is Future Income Taxes? Future Income taxes are income taxes deferred by discrepancies between, for example, net income reported on a tax return and net income reported on financial statements. Computation of net income using different methods or in different time periods result in two figures. One is for tax purposes, and the other is
What Is a Future Purchase Option? A future purchase option (also known as a future increase rider) is a feature of long-term disability insurance (LDI) and some life insurance policies that allows policyholders to increase their insurance coverage periodically, or as their income increases. These increases are effected without new medical underwriting, known as guaranteed insurability.
What Are Futures? Futures are derivative financial contracts that obligate parties to buy or sell an asset at a predetermined future date and price. The buyer must purchase or the seller must sell the underlying asset at the set price, regardless of the current market price at the expiration date. Underlying assets include physical commodities
