The Law Dictionary

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

Category: F

FORGERY OR ALTERATION COVERAGE FORM

Commercial crime insurance. Forgery protection for an insured’s account in case a forged or illegally modified is used to get money from that account.

FORMATTING

Preparing an area for use. This can be a digital storage media or a document. In both cases the area will retain data in a standardized, fixed layout. A particular field of

FORWARD CONTRACT

A commodity or financial instrument bought or sold at market or spot price today by binding contract. It is delivered on a stated future, or forward, date. This settles the contract. In

FORWARD PARITY

Unbiased predictor of impending spot exchange rates. Currency trading theory. Predicts forward exchange rates for any one currency.

FORWARD-LOOKING STATEMENT

A projection tool for managers based on current financial figures but does not display these same current financial figures. Projected future sales and expenses are shown, based on the financial. Presented as

FOURTH PARTY LOGISTICS (4PL)

Specialist firm (the fourth party) hired to coordinate two or more third-parties’ activities. An entity contract operational logistics to these outsourcing third-party specialists.

FRAME RELAY

Telecommunications technology splits a data stream into packets called frames to meet efficiency transmission expectations. An example are speeds of 64 kilo bits per thousand (Kbps) to 2.4 giga bits per second

FRANKED PAYMENT

Dividends paid that are subject to a tax credit, from a company to stockholders.

FREE TRADE AREA

A free-trade agreement of two or more countries forming a geographical area edged by the national boundaries of the members.

FREQUENTLY ASKED QUESTIONS (FAQ)

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,

FRONT END APPLICATION

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

FROZEN ASSET

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

FULL AND ACCURATE RECORD

(1) exact transaction copy; (2) sufficient to satisfy the need for retention; (3) authentic, undistorted evidence of being what it says it is; (4) complete with all information needed to represent the

FULL LINE FORCING

Sometime illegal stance of Producer or supplier insistence that a dealer carry a full product line range. Not considered illegal if business need reason is legitimate .

FULL THEFT COVER

Ordinary theft or burglary insurance policy. Unavailable to retail stores or hotels. Includes casual theft and other dishonest activities.

FUMES

Visible or invisible (1) inorganic or organic liquid evaporations, (2) incomplete combustion exhaust, like from a gasoline engine, (3) chemical reaction exhaust, (4) heated metals or metallic compounds exhaust of submicroscopic particulate

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