The age next to infancy; the first half of the period of childhood, (pucritia,) extending from seven years to ten and a half. Inst. 3. 20. 9; 4 Bl. Comm. […]
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FLEX OPTION
Something that has no standard conditions but lets the customer or a broker negotiate terms like an expiration date or strike price .
FLEXIBILITY
How a system can change in a range and time frame. It applies to manufacturing .
FLEXIBLE BENEFITS PLAN
When choices are offered in benefits to suit the needs of the employee. They can choose their unique combinations to meet their requirements .
FLEXIBLE BUDGET
A plan that changes with the needs of the firm.
FLEXIBLE EXCHANGE (FLEX) OPTION
A standardized OPTION contract traded on an EXCHANGE that allows buyers and sellers to select key contract features such as STRIKE PRICE , EXERCISE style, and maturity date . Though […]
FLEXIBLE FACTORY
A place that is made to do a variety of things and change with demands over time. an auto plant is an example of this. Refer to focused factory .
FLEXIBLE FIRM
When human resources are used flexibly to get the job done. A core group are needed but all others can change things to their needs. A peripheral group is made […]
FLEXIBLE MANUFACTURING
The way of planning for the changes and demands in a product to make a good. It can use machine flexibility or routing flexibility. Machines can either do more than […]
FLEXIBLE PACKAGING
Any packaging that is not hard and bends slightly while still holding a shape. It can be a bag, envelope or pouch that when filled changes shape.
FLEXIBLE PREMIUM
PREMIUM payable by an INSURED for an INSURANCE contract that may increase or decrease during the payment period. See also FIXED PREMIUM .
FLEXIBLE PREMIUM POLICY
Insurance that lets the insured change the amount of premium and when it is taken out.
FLEXIBLE PRICING
Selling by having open prices allowing for negotiations . This is done in an agreed upon range of prices.
FLEXIBLE REWARD SYSTEM
When employees can decide their salary and benefits to their own needs. It can involve travel, housing, and paid vacations.
FLEXIBLE SCHEDULING
When an employee can set their own hours based upon variances that the workplace allows.
FLEXIBLE SPECIALIZATION
When a firm has multi use equipment and multi tasking employees to adapt to market changes. The changes are fast and the company must change to continue to function and […]
FLEXIBLE SPENDING ACCOUNT PLAN
When an employer gives a lump sum to the employee to use as they wish.
FLEXIBLE STAFFING
Employment with different types of contracts for the employees to choose from. It dictates their employment.
FLEXIBLE WORK
When a worker gets to decide how work will be done and how to schedule. Limits may be put on this regarding core time coverage. Limits are also put on […]
FLEXOGRAPHY
Printing using photo polymer printing plates to stamp inks onto paper on a roll or other materials. It is used on labels and other flexible packages. It is not good […]
FLEXTIME
A work schedule that lets a full time employee choose their hours. It is done within limits and is done before core time is scheduled for all employees.
FLICHWITE
In Saxon law. A fine on account of brawls and quarrels. Spelman.
FLIGHT
In criminal law . The act of one under accusation, who evades the law byvoluntarily withdrawing himself. It is presumptive evidence of guilt. U. S. v. Candler (D.C.) 65 Fed. […]
FLIGHT CAPITAL
Money that leaves the country and never returns. A lack of confidence in the economy, high taxes, persecution, or discrimination causes this. It can be illegal or legal money.
FLIGHT LEG
The part of the flight that is taken up by changing flights. AKA flight segment.