FIA
Abbreviation with 2 meanings
| Stands for | Fédération Internationale de l'Automobile (International Automobile Federation) |
|---|---|
| Meanings | 2 |
| Categories | Sports, Business & Finance |
FIA has two meanings. It stands for Fédération Internationale de l'Automobile (International Automobile Federation) (sports governing body) or Fixed indexed annuity (insurance).
Meanings of FIA at a glance
| # | FIA stands for | Context |
|---|---|---|
| 1 | Fédération Internationale de l'Automobile (International Automobile Federation) | Sports › Sports Governing Body |
| 2 | Fixed indexed annuity | Business & Finance › Insurance |
1. Fédération Internationale de l'Automobile (International Automobile Federation)
Sports · Sports Governing Body Abbreviations
Motorsport's world governing body, sanctioning Formula One, the World Rally Championship, the World Endurance Championship and Formula E. It also represents national motoring clubs and campaigns on road safety and mobility.
Example: An FIA steward reviewed the incident and gave the driver a five-second time penalty.
Founded in Paris in 1904 as the Association Internationale des Automobile Clubs Reconnus and renamed in 1947. Headquartered in Paris, with offices in Geneva. Its more than 240 member organizations include national motoring clubs such as AAA in the United States. Pronounced as letters, "F-I-A".
2. Fixed indexed annuity
Business & Finance · Insurance Abbreviations
Insurance contract that credits interest based on a market index such as the S&P 500, subject to caps or participation rates, while guaranteeing that the account will not lose value from market declines.
Example: The FIA credited 6% last year because the cap held back the index's 24% gain.
Surrender charges often last seven to ten years, and commissions on FIAs are relatively high, which has made them the subject of regulatory scrutiny. Optional income riders add fees.
Related abbreviations
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