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

Category: F

FLOOR EFFECT

When a tested treatment is just as bad as the illness. A new formulation should be sought to create a viable treatment that will actually be helpful.

FLUOROCARBONS (FCS)

A compound with flourine and carbon in it. It is aerosol, propellant, coolant, refrigerant, oil, grease, and synthetic polymer. It is safe but can damage the ozone layer so its use is

FOLLOWING THE FORTUNES

A clause in a REINSURANCE contract that indicating that the REINSURER will be subject to the same financial fate as the CEDING INSURER. The clause is designed to align the interests of

FOOD STAMPS

Assitance for low income parties to get a monthly stipend for food. It is only able to be used at stores that accept it. It is put on a debit card and

FORCED DISTRIBUTION

The rating system for employee evaluation. It uses good, poor, and excellent ratings. It is used but not all situations fit into the categories every time. It may not reflect the true

FORM 1099

A variety of standard IRS-acceptable forms for reporting various types of investment income to the IRS and the investor.

FORMS MANAGEMENT

Setting standards, called a style guide, for all forms used within an organization. The style guide covers the research, analysis, design and format, production, and distribution of any form being generated.

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,

FREE MARKET

Only the forces of demand and supply constrain deals of buyers and sellers that they wish to make. Example is a stock market. Also refer to market economy and open market.

FREE TRADE AREA

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

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

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