What Is a Family Office? A family office is a private wealth management advisory firm that serves ultra-high-net-worth individuals (HNWI). Family offices are different from traditional wealth management shops in that they offer a total solution to managing the financial and investment needs of an affluent individual or family. For example, in addition to financial
What Is a Family of Funds? A family of funds (or fund family) includes all the separate funds managed by a single investment company. For instance, all of the mutual funds offered by Vanguard would be part of the same family of funds. Investing broadly across different funds from the same family of funds can
What Are FANG Stocks? In finance, the acronym “FANG” refers to the stocks of four prominent American technology companies: Meta (META) (formerly Facebook), Amazon (AMZN), Netflix (NFLX), and Alphabet/Google (GOOG). FANG stocks are famous for the impressive growth they have shown in recent years, with each member more than doubling over the past five years.
What is the Farm Credit System (FCS)? The Farm Credit System (FCS) is a nationwide lending network which specializes in serving the agricultural community. It is made up of cooperative banks and associations who provide credit to individuals and businesses throughout the United States. The FCS assists the rural community and organizations of all types and sizes
What Is the Federal Agricultural Mortgage Corporation (FAMC)? The Federal Agricultural Mortgage Corporation (FAMC)—also known as Farmer Mac—was founded by an act of Congress in 1987 in response to the farm crisis in the United States. The crisis caused thousands of farmers to default on their loans and also resulted in the failure of many
What Is Farm Income? Farm income refers to profits and losses that are incurred through the operation of a farm or agricultural business. A farm income statement (sometimes called a farm profit and loss statement) is a summary of income and expenses that occurred during a specified accounting period. This period is usually the calendar
What Is the Farm Price Index (FPI)? The term Farm Price Index (FPI) refers to an economic indicator produced by the United States Department of Agriculture’s (USDA) National Agricultural Statistics Service (NASS). The purpose of the FPI is to monitor the prices received by farmers for the sale of crops and livestock, feed price ratios
What Is the Financial Accounting Standards Board (FASB)? The Financial Accounting Standards Board (FASB) is an independent nonprofit organization responsible for establishing accounting and financial reporting standards for companies and nonprofit organizations in the United States, following generally accepted accounting principles (GAAP). The FASB was formed in 1973 to succeed the Accounting Principles Board and
What Is Financial Accounting Standard 157 (FAS 157)? Financial Accounting Standard 157 (FAS 157) is the Financial Accounting Standards Board (FASB)’s controversial fair value accounting standard, which was introduced in 2006, in the run-up to the global financial crisis, and is now known as Accounting Standards Code Topic 820. Key Takeaways In 2006, the U.S.
What Is Fast Fashion? Fast fashion is the term used to describe clothing designs that move quickly from the catwalk to stores to take advantage of trends. The collections are often based on styles presented at Fashion Week runway shows or worn by celebrities. Fast fashion allows mainstream consumers to purchase the hot new look
