Financial Planning for Generation X & Y Women
 
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Glossary of Financial Terms

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Fair Credit Reporting Act (FCRA)
The federal Fair Credit Reporting Act (FCRA) is designed to promote accuracy, fairness, and privacy of information in the files of every consumer reporting agency (CRA). The FCRA gives consumers specific rights and additional rights may apply under state law.
Fair Market Value
The price a use asset would fetch if sold on the market today. Homes and real estate typically increase in value while automobiles and some personal property, such as computers and appliances, usually decrease in value over time.
Fixed Expenses
A cost that remains relatively constant. Examples include savings, investments, retirement contributions, taxes, mortgage or rent, debt payments, and insurance.