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

Category: F

FRIENDSTER

Launched in 2002. The predecessor to similar sites MySpace and Facebook. Social networking website whose popularity has declined due to competition. Intended to have worldwide individuals become friends through social, online communication

FRONT LOADED LEASE

Equipment or property lease time-bound with rental payments higher for the starting periods, but decreasing as the lease period winds down.

FUEL OIL

Residential, industrial, transportation energy source as a residual refinery product. Various types are classified by their specific gravity. The higher the specific gravity, the higher the category number. Heat energy in residences

FULL DISCLOSURE

1. In Accounting, this is the practice of disclosing all material facts truthfully and completely to avoid any misunderstanding. 2. In Patenting, this is the disclosure of all material facts to avoid

FULL SERVICE RESTAURANT

Provides complete and varied breakfast, lunch, and dinner menus, along with a wide selection of foods and beverages, and table service.

FUNCTIONAL ISOLATION

Ability to separate components or parts of a circuit or system. Intent is to protect as much of the associated circuit or system from a failure or malfunction in another associated or

FUNDING OPERATIONS

Transferring to long-term, fixed-interest debt, like bonds from short-term or floating interest investment vehicles.

FUTURE VALUE

Calculated future value of a current investment’s value using compounded, projected interest values. Or, calculated future value of a current investment’s value using discounts at projected discount rates.

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.

FIGURING THE TAIL

The predicted yield of a money market vehicle an investor buys when they get a future instrument. It is partially financed with the term repo.

FINAL ASSEMBLY

The end result of customer orders. It is the last stage before shipping.

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