Financial terms beginning with F
11 terms in our plain-English finance glossary starting with the letter F.
- Faster Payments
The UK system for near-instant, usually free bank transfers between accounts.
- FCA — Financial Conduct Authority
The UK’s financial regulator, which authorises firms and sets the rules they must follow.
- Financial Association
A credit-file link to someone you share finances with, whose record can affect yours.
- Financial Ombudsman Service — FOS
The free, independent service that settles complaints between consumers and financial firms.
- Financial Promotion
A financial advert that by law must be fair, clear and not misleading.
- Fixed Rate
A mortgage whose interest rate, and so your monthly payment, is locked for a set period.
- Fixed-Rate Bond
A savings account paying a guaranteed rate for a fixed term, with your money locked away.
- Foreign Transaction Fee
A charge for spending in a foreign currency on top of the exchange rate.
- Freehold
Outright ownership of a property and the land it stands on, with no time limit.
- FSCS — Financial Services Compensation Scheme
The UK safety net that pays compensation, up to £85,000 per firm, if an authorised firm fails.
- Fund
A pooled investment that spreads your money across many holdings in one purchase.