Fuel cell

1) An energy conversion device that electrochemically converts chemical energy into electrical energy. Revolutionary new form of vehicle propulsion using a combination of hydrogen and oxygen from the air that produces energy silently and without combustion.

FTPA

1) Freight Trades Protection Association. Form of credit watchdog for members within the freighting industry.

FTE

1) Full-time equivalent. Term used in assessing employment statistics.

FT

1) Financial Times. Leading UK financial and business newspaper, published daily on characteristic pink paper. Source of daily SDR rate.

FSAVC

1) Free-standing additional voluntary contributions. A means by which a pensionable employee can set up a small personal pension fund. See also AVC.

Front position lights

1) Under legislation the lights to be fitted to the front of vehicles and used between sunset and sunrise (commonly called sidelights).