Investor Education

Investor Glossary

Terms beginning with 'F'

Face Value
The maturity value of a bond or other debt instrument; also termed the bond’s par value.

Final Pensionable Earnings / Final Pensionable Salary
The pensionable earnings, at or near retirement or leaving service, on which the pension is calculated. This may be fixed at a particular date or may be based on the average of a number of years.

See also: Pensionable Earnings

Financial Services
Commission (FSC) The government agency with direct regulatory authority over the securities industry. Similar to the SEC in the United States.

Fixed Income
A security that promises to pay a periodic sum, such as bond paying a fixed coupon amount per period.

Front End Load
The upfront payment of the sales fee charged on a mutual fund.