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

Category: F

FREE RIDER

Contributing little or nothing to the effort, a person who enjoys the benefits from a collective effort.

FREEDOM OF INFORMATION

A citizen right to governmental information, requested in writing. Refuseals must be returned in writing. Reason for refusal can be requested, in writing.

FREEZE-OUT PROVISION

Corporate charter provision allowing a company to acquire noncontrolling stockholder shares at fair market value for a set time period. Two and five years is the typical time period.

FREQUENCY OF EXCLUSION

A rate of how often a particular group is skipped from a study or sample set. The statistical reliability of the expected outcome is typically damaged. The overall study or sample is

FRIVOLOUS APPEAL

Abusing the judicial process, delaying payment of a penalty, frustrating the opposing party, using baseless, unsubstantiated, questionable facts, and/or an insincere stance.

FRONT MONEY

1. Another name for downpayment. 2. Another name for seed capital.

FUGITIVE EMISSION

Random escaping pollutant, not from chimneys, stacks or vents, but from equipment, pipe lines, seals, and valves leakage.

FULL FARE TICKET

Documented payment of un-discounted fare. Little or no penalty typically occurs if canceling or changing flight time or route.

FULL SERVICE VEHICLE LEASE

Fuel, emergency roadside repairs, preventive maintenance, scheduled servicing, courtesy vehicle, and associated driver support and safety programs are all included in this arrangement.

FULLY VALUED

Stock with a market price equal to its true worth based on stock market analysts.

FUNCTIONAL OBSOLESCENCE

Device or equipment usefulness degradation. A relatively new computer is functionally obsolete if it is unable to run the latest program or peripheral the user needs. Design defect or inability to meet

FUNGI

Simple, aerobic organisms. Neither bacteria nor plant. Most are poisonous to humans. Thrive in low moisture, low pH environments. Genetic material is bound in a membrane. Have no roots or leaves; contain

FUTURES CALL

An EXCHANGEtraded OPTION contract granting the buyer the right, but not the obligation, to buy a FUTURES contract at a prespecified STRIKE PRICE. See also FUTURES PUT.

FACILITATION PAYMENT

A payment to an official to get approval for business activities. It can be an unofficial fees not a bribe.

FAD

A trend that is short lived but intense. It happens during the holidays.

FALLEN ANGEL

A bond that was investment grade but has a lower rating now.

FANNIE MAE

The name of the US Federal National Mortgage Association and its associated shares.

FAX BACK

When a document is stored in a computer and can be downloaded in a fax machine. The number is dialed and the document is sent. AKA fax on demand.

FEDERATION

A company that is made of smaller companies that bring issues to the attention of members. Each one had control of its own business.

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