The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

Category: F

FREE MONEY

Keeping some firms afloat using drawbacks, grants, subsidies, tax breaks, and other such means. Intended to bolster depressed area with (1) jobs, (2) specific industries like agriculture or defense, (3) research and

FREE TRADE ZONE (FTZ)

Duty-free area in an airport, seaport, or other designated area. After paying the required duties, allows for goods stored, displayed, assembled, or processed for re-export or general market entry in the importing

FREEMIUM

A consumer gets basic services for free and premium services are paid for. One example is cable services. Basic is typically free, but the consumer pays for all premium channels. Or, a

FREIGHT COST

The price to transport goods. Packing, palletizing, documenting, insurance, and loading / unloading expenses are included.

FRESH WATER

Water with an average low solids content. Measured at less than 1,000 milligrams or 1 gram of dissolved solids per liter or 1,000 grams or 1 kilogram water.

FRONT END LOAD

1. In Banking, this is beginning cost of a loan, like a mortgage, when interest charges and fees are higher. As time progresses, this cost or interest charge decreases, as seen in

FROZEN COLLATERAL

Collateral rendered unusable by legal ruling. Often occurs when a question of who owns the collateral arises. Situation causing the ruling needs to be resolved, or a change in the situation causes

FULL AND OPEN COMPETITION

All qualified, registered, responsible participants are eligible to compete in this standard form of competition.

FULL LINE PRICING

Retailing a product family with relative prices and package discounting the line. Also refer to product family.

FULL TIME EMPLOYEE

A person working 35 to 40 hours each week, every week. Refer to salaried worker.

FUNCTIONAL

Capable of performing one or more practical activities. Synonyms are worthwhile, useful, working.

FUNDAMENTAL RISK

Loss potential. Various situations and causes contribute to the scenarios comprising this potential. Realized loss may or may not be insurable. Rises from a large number of entities impacted by negative natural

FUNDS FROM OPERATIONS (FFO)

Excluding property sales, but including real estate depreciation, this is REIT-generated net income. It is a good approximation of cash flow and an even better judge of operations than Generally Accepted Accounting

FUTURE INTEREST

Affectivity future date for allowing privilege of possession and property use.

FACT FINDING

A stage where an inquiry is made and a report is given about an investigation.

FAIL SOFT

Equipment that fails in a selective way by shutting down the nonessential functions. It keeps primary work going until it can be fixed.

FAIR TRADE PRICE

The lowest price importers pay for farm products in a developing country. A floor price is started to get a standard of living.

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