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

Category: F

FREEDOM OF ASSOCIATION

Right to be with other people for a legal reason, cause or purpose, with no bias or interference. A government may be required to allow its citizens to join a particular organization.

FREEWARE

No-cost software, free for download distribution. Typically has no manual, warranty, or upgrade option. Often can be freely redistributed without any charge or fee, but, its copyright remains with the original writer

FRENCH SERVICE

Partially cooked food from the kitchen on a cart gets final cooking in front of the guests. It is served by a waiter or waitress. Each guest helps himself or herself. Also

FRIENDLY SOCIETY

In the United Kingdom, a mutual institution for savings and life INSURANCE that is owned and operated by its members; the organizational structure of the friendly society conveys certain tax advantages to

FRONT FEE

Purchase agreement initiation cost required to be paid.

FUEL CELL

Invented in 1854 by the UK physicist William Robert Grove (1811-1896). It produces energy, usually electrical, by converting a chemical substance, like hydrogen. Hydrogen flows through a porous nickel or platinum alloy

FULL COST PRICING

Selling price added to the direct cost per unit of a product including all overheads as well as projected profit margin. The profit margin is a fixed portion of the average total

FULL SERVICE LEASING

The lessor provides periodic maintenance and breakdown repairs services under this leasing arrangement. Also refer to operating lease.

FULLY INVESTED

1. Condition where all of the assets in a mutual fund are in securities. Indicates management’s belief that stocks will rise. 2. Condition of no cash-liquid assets in an investment portfolio..

FUNDED PENSION PLAN

Pay out for all future retirement benefit claims for a pension plan are currently available.

FUTURE INTEREST

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

FACE AMOUNT

The total amount of coverage provided by an insurance contract, as stated on the face.

FACTORY ORDERS

A report about durable and nondurable goods. It includes changes in demand and inventory. It takes two weeks to get the information out there so the market has already had time to

FAIRNESS OPINION

An analysis and opinion prepared by a BANK or INVESTMENT BANK for a client company

FAMILY PACKAGING

Using design or an element of it to market to different products as the same family of products.

FASCISM

Imposing strict measure to empower government and remove citizens rights. A dictator rules it.

FAULT TREE

Using Boolean operators to show events to a fault.

FEMA DECLARATION PROCESS

Getting assistance from FEMA. A governor asks for help if a natural disaster occurs. The government steps in to help financially.

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