Exchange—The charge made by a bank for the collection of drafts or checks.
Exports—Commodities sent to another country.
Extend—To set a later date for payment; to add several items and carry the totals to the proper column.
Face Value—The amount for which a commercial paper is drawn.
Facsimile—An exact duplicate or exact copy.
Financial Statement—A term used in the same sense as balance sheet or annual statement.
Fiscal—A financial or business year, in contradistinction to a calendar year. The fiscal year of a business may commence and end on any date—usually on the date on which it was started.
Fixed Assets—Permanent assets acquired by a firm or corporation to enable them to conduct a business. Includes real estate, building, machinery, horses and wagons, etc.
Fixed Charges—Those charges in connection with the operation of a business which occur at regular intervals, such as rent, taxes, etc.