Category: F

Shipping term. Package or consignment misrouted or has strayed. The carrier must deliver to its correct destination with no additional charges if the item is traced and this mistake is the carrier’s

Another name for free examination period.

Buying and selling, importing and exporting of goods and services, not capital or labor, that has no limits or quotas or barriers or unbalanced tariffs.

Self-employed, contract work for one or more companies. Person is able to select the work and the company to work for. Also, unfettered submittal of work to many potential buyers. Contrast to

Carriage contract of shipper and freight-forwarder as a Non-negotiable B/L.

Method of providing repeatedly-requested information to consumers who have typical, repeated questions. Reduces the burden on customer service allowing focus on unique, particular questions. Also provides self-training to a new member, recruit,

Typically the main module of a software program that initiates user interaction with a computerized capability. The display is usually an initial screen of a website that a user sees. Also refer

Asset that cannot be sold or used as legal leverage due to a legal ruling. Owners of such assets are notified in writing of the situation and ruling. The asset remains unusable

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

A life insurance contract with first-year optional reserve. The reserves are conditioned in subsequent to be fully recovered.

Typical loan with no balloon payment at the beginning or end of the loan. Has only regular, periodic payments.

A means to evaluate performance, determine status quo, determine organizational stability. An accounting method using organizational units to measure outcomes, statistical standards and benchmarks.

Assurance a product or part meets all performance and material requirements. Confirmation dynamically by peer review or statically by approved scripts and cases. A process of quality control.

Jewelry and fur insurance coverage. Regardless of location, covers all risks.

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

The labor that is exploited in a country. A country with large factor endowments are better off.

A transaction that won’t settle on the date contracted. It happens when parties disagree on the quality of items delivered.

Insurance for all family members and their medical costs.

Goods not sold but bought by the government at a good price for farmers. It is a controversy in the US.

1. serious defect that causes death or shut down. 2. defect that makes a contract null and void.