A purchase or sale by a speculator with the expectation of an early profit; something bought with the gambler's spirit, with an understanding that the chance for profit is very speculative.


To "float " a company means to sell its stock or securities; thus raising needed money for capital, etc.

Floating Debt

All notes or forms of indebtedness calling for payment within a comparatively short time, as distinguished from bonds or other fixed forms of indebtedness.

Floating Charge

A term used in England, Canada, etc., to denote an unsecured debt; we use "floating debt" in practically the same sense.

Floating Stock (Or Other Securities)

Available for purchase or speculation. This designates such from that which is locked up in the hands of investors, and so not offered upon the market.


The "floor" of an exchange; the place where the trading is done.

Floor Broker

Same thing as a " two-dollar man."

Floor Traders

Those upon the floor of the stock exchange who buy and sell securities for their own account, being members, of course, of the exchange. They are sometimes called "room traders."


The monetary unit of the Netherlands, equal to $.402 United States money. (See also " Guilder.")

Also a silver coin of Great Britain, equal in value to two English shillings and about $.486 United States money.


Flat; without interest.


A rising and falling in prices. "Fluctuations were narrow; " this indicates that the changes in prices by advancing or declining were very slight.


An incipient panic; excitement; alarm; the financial sky suddenly overcast; securities falling quickly in price and money rates advancing. Such an occurrence, when of short duration, and producing no lasting effect on the financial world; the cause for alarm suddenly removed, and conditions soon restored to approximately what they were previous to the excitement, is a "flurry," but if the downward tendency should not be allayed, and matters should go from bad to worse, a "panic" might result.

F. M. A. N. February, May, August, and November; interest or dividends payable quarterly beginning with February.

F.O.B. These letters stand for "free on board." " F.o.b. Detroit," meaning that the shipper in Detroit will make no extra charge for delivering the goods on to the vessel or car.

For a Turn. A speculative phrase; a quick transaction for small gain (or loss).

Forced Circulation

Money which is not worth its face value, and which is by law forced into use and made acceptable - "legal tender " - in payment of debts. (See " Legal Tender.")