What Are File-and-Use Rating Laws? File-and-use rating laws are insurance regulations allowing an insurance company to use new rates prior to receiving state approval. File-and-use rating laws allow the insurer to immediately use the new rates, with the insurance regulator having the option to strike down any rate change if it determines that the change cannot
What Is Filing Status? Filing status is a category that defines the type of tax return form a taxpayer must use when filing their taxes. Filing status is closely tied to marital status. Understanding Filing Status The filing status is important because an individual’s tax bracket (and, therefore, the amount they must pay) is determined
What Is a Fill? A fill is an executed order. It is the action of completing or satisfying an order for a security or commodity. Order execution and reporting fills is a fundamental act in the transacting of stocks, bonds or any other type of security. For example, if a trader places a buy order
What Is a Filter? In investing, a filter is a criterion used to narrow down the number of options to choose from within a given universe of securities. This process is also referred to as screening securities; the terms “filter” and “screen” can therefore be used synonymously in this context. Key Takeaways A filter is
What are the Filthy Five? The Filthy Five refers to five power plants that were located in Massachusetts. The Filthy Five were constructed before 1977 and were therefore exempt from modern pollution laws for many years. Key Takeaways The Filthy Five was a name given to collectively to five coal-fired power plants in Massachusetts.The plants
What Is a Final Dividend? A final dividend is declared at a company’s annual general meeting (AGM) for a given fiscal year. This amount is calculated after all year-end financial statements are recorded and the directors are made aware of the company’s profitability and financial health. This is different than the interim dividend, which is made before
What Is Finality of Payment? In finance, the term “finality of payment” refers to the moment at which funds, recently transferred from one account to another, officially become the legal property of the receiving party. Key Takeaways Finality of payment is the moment at which recently transferred funds become the legal possession of the receiving
What is a Final Prospectus A final prospectus is the final version of a prospectus for a public offering of securities. This document is complete in all details concerning the offering and is referred to as a “statutory prospectus” or “offering circular.” BREAKING DOWN Final Prospectus A final prospectus is the primary source for investors
What Is a Final Return for Decedent? A final return for decedent is an income tax return that has been filed for an individual in the year of that taxpayer’s death. Taxpayers who die in any given year must have one final tax return submitted to the IRS on their behalf to account for any
What Is Finance? Finance is a term for matters regarding the management, creation, and study of money and investments. It involves the use of credit and debt, securities, and investment to finance current projects using future income flows. Because of this temporal aspect, finance is closely linked to the time value of money, interest rates
