What Is Furniture, Fixtures, and Equipment (FF&E)? Furniture, fixtures, and equipment (abbreviated as FF&E or FFE) refers to movable furniture, fixtures, or other equipment that have no permanent connection to the structure of a building. These items, which include desks, chairs, computers, electronic equipment, tables, bookcases, and partitions, typically depreciate substantially over their long-term use
What Is a Federal Housing Administration (FHA) Loan? A Federal Housing Administration (FHA) loan is a home mortgage that is insured by the government and issued by a bank or other lender that is approved by the agency. FHA loans require a lower minimum down payment than many conventional loans, and applicants may have lower
What Is an FHA Streamline Refinance? An FHA streamline refinance is an option for homeowners that is administered by the Federal Housing Administration (FHA). It is intended to give consumers an easier way to obtain mortgage refinancing from a participating lender. In order to qualify, a homeowner must currently have an FHA-insured mortgage and cannot
What Is the Federal Home Loan Bank System (FHLB)? The Federal Home Loan Bank System (FHLB) is a consortium of 11 regional banks across the U.S. that provide a reliable stream of cash to other banks and lenders to finance housing, infrastructure, economic development, and other individual and community needs. The Federal Housing Finance Agency
What Is Fiat Money? Fiat money is a government-issued currency that is not backed by a physical commodity, such as gold or silver, but rather by the government that issued it. The value of fiat money is derived from the relationship between supply and demand and the stability of the issuing government, rather than the
What Is a Fibonacci Fan? A Fibonacci fan is a charting technique used in technical analysis that uses the Fibonacci ratio to predict support and resistance levels graphically. The Fibonacci ratio can be used to describe the proportions in things from nature’s smallest building blocks, such as atoms, to the most advanced patterns in the
What Is the Fibonacci Sequence? The Fibonacci sequence was developed by the Italian mathematician, Leonardo Fibonacci, in the 13th century. The sequence of numbers, starting with zero and one, is a steadily increasing series where each number is equal to the sum of the preceding two numbers. Some traders believe that the Fibonacci numbers and
What Are Fibonacci Retracement Levels? Fibonacci retracement levels—stemming from the Fibonacci sequence—are horizontal lines that indicate where support and resistance are likely to occur. Each level is associated with a percentage. The percentage is how much of a prior move the price has retraced. The Fibonacci retracement levels are 23.6%, 38.2%, 61.8%, and 78.6%. While
What Is the Federal Insurance Contributions Act (FICA)? The Federal Insurance Contributions Act (FICA) is a U.S. law enacted in 1935 that mandates a payroll tax on the paychecks of employees, with matching contributions from employers. The money collected is used to fund the Social Security and Medicare programs. From the beginning, the idea behind
What Is the Fixed Income Clearing Corporation (FICC)? The term Fixed Income Clearing Corporation (FICC) refers to a regulatory clearing agency that deals with the confirmation, settlement, and delivery of fixed-income assets in the U.S. The agency was established in 2003 as a subsidiary of the Depository Trust & Clearing Corporation (DTCC). It ensures the
