What is Full Trading Authorization? Full trading authorization is a level of trading authorization that grants an agent or broker the power to place orders, withdraw funds or make inquiries concerning a client’s account. Written documentation must be completed by the client before an agent or broker can be given power of attorney over the client’s account.
What Is the Full Cost (FC) Method? The full cost (FC) method is an accounting system used specifically by extractive industries such as oil and gas companies. Under this technique, all exploration operating costs are capitalized, regardless of whether they were successful or not, and then amortized into expenses over time as the total reserves
What Are Full Delivery Shares? Full delivery share is a rating given to stocks on the Taiwan Stock Exchange. These stocks have a per-share book value below the exchange’s required minimum of five New Taiwan dollars (TWD). Also, these illiquid shares are not included in the Taiwan Stock Exchange Corporation weighted index. Full delivery shares
What Is Full Disclosure? Full disclosure is the U.S. Securities and Exchange Commission’s (SEC) requirement that publicly traded companies release and provide for the free exchange of all material facts that are relevant to their ongoing business operations. Full disclosure also refers to the general need in business transactions for both parties to tell the
What Is Full Employment? Full employment is an economic situation in which all available labor resources are being used in the most efficient way possible. Full employment embodies the highest amount of skilled and unskilled labor that can be employed within an economy at any given time. True full employment is an ideal—and probably unachievable—situation
What Is Full-Recourse Debt? Full-recourse debt is a type of secured debt that gives the lender rights to assets—beyond just the secured collateral specified in the loan contract—to cover the full repayment of the borrower’s loan obligations if they default on the loan. In other words, loans with full-recourse provisions offer lenders additional remedies to
What Is a Full-Service Broker? A full-service broker is a licensed financial broker-dealer firm that provides a large variety of services to its clients, including research and advice, retirement planning, tax tips, and much more. Of course, this all comes at a price, as commissions at full-service brokerages are much higher than those at discount
What Is Full Stock? Full stock is a stock with a par value of $100 per share. A full stock issue can be either a preferred share or common share, although for practical purposes today par value of common stock is set at zero or at a price very close to nil. Therefore, full stock typically
What Is Fully Subscribed? Fully subscribed is the position a company finds itself in once all the shares of its initial bond or stock offering have been purchased or guaranteed by investors. An underwriting company usually facilitates these initial bond or stock offerings on behalf of younger companies that are making their initial public offerings
What Is a Free Market? The free market is an economic system based on supply and demand with little or no government control. It is a summary description of all voluntary exchanges that take place in a given economic environment. Free markets are characterized by a spontaneous and decentralized order of arrangements through which individuals
