A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z

Fair Market Value: The price a willing buyer will pay a willing seller in an arm's length transaction.

Fiduciary: Individual or institution in a position of trust or confidence. Bound by duty to act in good faith.

Finance Charges: The costs associated with having a credit card. We calculate the finance charges for:

• Purchases by multiplying the average daily balance for your purchases by the daily periodic rate for purchases. We begin calculating your finance charge for purchases on the statement following the one in which you do not pay your balance in full.

• Cash Advances by multiplying the average daily balance for your cash advances by the daily periodic rate for cash advances. We begin calculating your finance charge for cash advances on the day you take the cash advance.

• Balance Transfers by multiplying the average daily balance for your purchases by the daily periodic rate for purchases. We begin calculating your finance charge for balance transfers on the statement following the one in which you do not pay your balance in full. Finance charges = daily periodic rate (annual percentage rate divided by 365) x (the number of days in your current billing cycle) x (average daily balance)

Future Interest: An interest in property that cannot be currently possessed, used, or enjoyed.