Tooltip Categories: Economics & Finance

franchise contract

Legal agreement which contains terms and conditions that apply between a franchisor and franchisee. The franchisor is involved in securing protection for the trademark, controlling

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founder

The entrepreneur who started a business. If multiple entrepreneurs were involved in the creation of the company, they are referred to as the founders. (source:

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fourth sector

Social enterprises and organizations such as cooperatives or nonprofit organizations. Is a new business model where prevailing environmental and social sustainability, transparency and participatory governance.

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fourth world

Sub-populations socially excluded from global society. (source: http://en.wikipedia.org/wiki/Fourth_World)

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foreign exchange controls

Restrictions that are imposed by a nation on the free exchange and convertibility of its own currency. Foreign exchange controls are most often instituted by

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foreign exchange market [FOREX]

The market in which participants are able to buy, sell, exchange and speculate on currencies. Foreign exchange markets are made up of banks, commercial companies,

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foreign exchange risk

A financial risk posed by an exposure to unanticipated changes in the exchange rate between two currencies. (source: http://en.wikipedia.org/wiki/Foreign_exchange_risk)

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foresight

Provision for or insight into future problems, needs, etc (source: http://www.wordreference.com/definition/foresight)

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