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

Category: F

FREEZE

Specific actions, processing, provisions, rates, rights, or rules are stopped for a limited time period.

FREQUENCY

How often an event occurs. Typically, the event repeats at some rate or cyclic period or is measurable by occurrences per period, like ‘hertz’ as cycles per second.

FRIENDLY TAKEOVER

Amiable takeover of a company by another. Each company’s owners agreed to the terms.

FRONT LINE MANAGEMENT

Top-level management below the vice-presidents and directors. Usually directly accountable for goods and services production, and clerical staff and shop floor employees supervision. Known as the first or second level managers, with

FUEL EFFICIENCY

A ratio of useful energy results over measured incoming fuel. An example is miles per gallon.

FULL COVERAGE

Guaranteed payment for all costs for any event protected in an insurance policy. Deductibles are usually in force. Protected against every type of loss.

FULL SERVICE MERCHANT WHOLESALER

(1) cash and credit card retailing, (2) supplier merchandising and promotion support, (3) its own sales force, (4) its own market research, and (5) presale, installation, and post sale services are what

FULLY PAID POLICY

A policy whose payment scheduled has been completely met. Often a limited payment policy. An example is a 30pay policy after 30 years of regular premium payments – it is fully paid.

FUNCTIONAL FLEXIBILITY

The ability of company organizations to be multi-functional, able to move employees to other duties or responsibilities within the company. Ability to adapt to changing conditions and requirements. Training, management, and outsourcing

FACTUAL DATA

Facts that are assumed to help an investigation or solve a problem.

FAIT ACCOMPLI

Making a situation that is irreversible and other people have to live with.

FAMILY POLICY

A policy of life insurance that a head of household has for the rest of the family.

FEDERAL LAND BANK

Lenders that are government sponsored. They lend for land, refinancing, and renovation.

FERRITIC STAINLESS STEELS

Chromium steels with little nickel to lower corrosion. They are stronger and harder. It is used for utensils.

FIELD FORCE

A party that sells in the face to face manner with customers.

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