The Law Dictionary

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

Category: F

FORM 10-K

Directors’ report in an official US format.

FORMULA BASIS

Instead of basing stock sales on a specific range by the SEC, it is using a price formula for selling common stock.

FORWARD DISCOUNT

A FORWARD PRICE (or rate) for future delivery of an ASSET that is lower than the SPOT PRICE (or rate) for immediate delivery. See also FORWARD PREMIUM.

FORWARD PRICE

The price quoted for future delivery of an ASSET under a FORWARD or FUTURE, comprised of the SPOT PRICE and a positive or negative COST OF CARRY; a quoted price may reflect

FOSSIL FUEL

Fossil fuels are highly concentrated forms of pre-Man sunlight trapped in organic cells. Since the industrial revolution in the mid 19th century to early 20th century, thought to be the reason for

FRACTIONAL CURRENCY

Coins or paper currency with value less than one of a basic currency unit. Such coins are pennies, nickels, dimes, quarters and half dollars in the US. Typically, government-minted.

FRANC ZONE (ZF)

This monetary union uses the abbreviated ZF after its French name, ‘Zone Franc.’ A union of Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Comoros, Congo, Equatorial Guinea, France, Gabon, Cote d’Ivoire,

FRATERNAL BENEFIT SOCIETY

Members with common ethnic, religious, or vocational backgrounds form an organization to provide social, insurance, and other benefits.

FREE CASH FLOW

A CASH FLOW computation that is based on OPERATING CASH FLOW, less cash allocated to new and replacement ASSETS; alternatively it is net operating income less the REPLACEMENT COST for depreciated assets,

FREE OF CAPTURE OR SEIZURE CLAUSE

Exclusion statement, typically in marine insurance policies. A special, separate policy is necessary to cover excluded losses in situations such as warlike hostile acts, rebellion, mutiny, and civil strife.

FREE TRANSFERABILITY OF INTEREST

One party selling or giving its ownership to another party. No permission is needed is this is a fractional ownership. For example, a part-owner of company sell his/her portion to another entity,

FREENET

Operated by volunteers and funded by sponsoring organizations, this is typically a community-based electronic bulleting board system (BBS) type of network providing basic email and internet access.

FREIGHT FORWARDER

A company that handles the tasks of preparing goods for transport for a shipper. Transport tracking, document preparation, warehousing. Storage, cargo space booking, negotiating freight charges, consolidating freight, getting insurance, and filing

FRIABLE

A term applied to material that crumbles into very small pieces very easily, with very little force, as from a finger or hand. Materials that decompose this way hold a higher danger

FRONT END LOADING

Putting most of the fees or cost for a service or job upfront at the start, regardless of being earned. Sometimes considered fraudulent.

FRUSTRATION

An emotional feeling. Occurs when stifled from succeeding due to forces beyond one’s control. These forces are sometimes malicious or deliberate acts to inhibit progress or success. Force majeure causes frustration in

FULL ASSESSMENT

Compliance with regulatory standards in all areas, for all scenarios, under all conditions is thoroughly checked. Records, interviews, and direct observations occur to determine that specific personnel, facilities, processes, and operations exist

FULL MAINTENANCE LEASE

Responsibility for all maintenance and service charges for auto or equipment repair belongs to the lease lessor.

FULL TIME EMPLOYMENT

A regular paying job for a person working 35 to 40 hours each week, every week. Refer to salaried work.

FUNCTIONAL ANALYSIS

Evaluation of the detail workings of a function and its potential or actual results. A problem-solving method. Functional decomposition down to code occurs to reach the level needed to solve identified issues.

Topic Archives:

Disclaimer

This site contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.