Legal Encyclopedia. Letter F

FINANCIAL INSTRUMENTS

- Forms of expression of the legal regulations of the state associated with the formation, distribution and use of funds.

For legal properties are divided into: regulatory, individual and mixed.

Regulatory - govern a group of similar financial relations, cover their exposure to a wide range of subjects, designed for long periods of time.

Individual - include any isolated cases of appeals to specific legal entities and lead to the creation, modification or termination of specific financial relationships are one-off actions, cease to have effect from the date of execution set forth in these regulations.

According to legal force - on the laws and regulations.

Legislative acts are federal laws and laws of subjects of the Russian Federation on the issues of financing the state.

Secondary legislation - acts of other state bodies, based on the law and accepted pursuant to the law.

According to authorities, their distance, - on the authorities of the Russian Federation and its subjects, representative bodies, local authorities and financial and legal acts without distinction.

It is also a form of financial and legal instruments are

financial plan documents. They are used in the implementation of the financial activity of the state and local governments have specific jobs in finance for a certain period. This group includes the budget, financial and cash plans of banks, financial plans of insurance companies, ministries and departments, the balance of income and expenditure of enterprises, estimates of budgetary institutions.

Especially financial-planning acts is that they are applied on the basis of socio-economic development programs in effect for a certain period and are enshrined in legal acts.