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

Category: F

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.

FIELD ENGINEER

A party that works on job sites away from an office to help customers.

FIGURE OF MERIT

The value that is the effectiveness, efficiency and performance from analysis.

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