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

Category: Finance Dictionary

FREEDOM OF ASSOCIATION

Right to be with other people for a legal reason, cause or purpose, with no bias or interference. A government may be required to allow its citizens to join a particular organization.

FREEWARE

No-cost software, free for download distribution. Typically has no manual, warranty, or upgrade option. Often can be freely redistributed without any charge or fee, but, its copyright remains with the original writer

FRENCH SERVICE

Partially cooked food from the kitchen on a cart gets final cooking in front of the guests. It is served by a waiter or waitress. Each guest helps himself or herself. Also

FRIENDLY SOCIETY

In the United Kingdom, a mutual institution for savings and life INSURANCE that is owned and operated by its members; the organizational structure of the friendly society conveys certain tax advantages to

FRONT FEE

Purchase agreement initiation cost required to be paid.

FUEL EFFICIENCY

A ratio of useful energy results over measured incoming fuel. An example is miles per gallon.

FULL COVERAGE

Guaranteed payment for all costs for any event protected in an insurance policy. Deductibles are usually in force. Protected against every type of loss.

FULL SERVICE MERCHANT WHOLESALER

(1) cash and credit card retailing, (2) supplier merchandising and promotion support, (3) its own sales force, (4) its own market research, and (5) presale, installation, and post sale services are what

FULLY PAID POLICY

A policy whose payment scheduled has been completely met. Often a limited payment policy. An example is a 30pay policy after 30 years of regular premium payments – it is fully paid.

FUNCTIONAL FLEXIBILITY

The ability of company organizations to be multi-functional, able to move employees to other duties or responsibilities within the company. Ability to adapt to changing conditions and requirements. Training, management, and outsourcing

GAIN ON SALE OF ASSETS

Value increase posted on the balance sheet when a company profitably sells an valued asset. Selling furniture used in an office is an example.

GANTT CHART

A bar chart showing duration. Typically used for scheduled and completed work over a period. Invented in 1917 by US engineer-scientific management pioneer, Henry L. Gantt (1861-1919). The chart’s horizontal axis maps

GASFIELD

Where gas wells are drilled, in an onshore or offshore geographical area.

GEMOLOGY

Definition: Study of precious gems and gemstones. Industry uses it for subject matter expertise with gem appraisals.

GENERAL CARGO

Household goods or office furniture are not classified as generable transportable goods.

GENERATION X

Often described as cynical or disaffected people, this is a label for those born during the 1960s and 1970s. Often shortened to Gen X. With an increased understanding of technology by growing

GENSAKI

The broad Japanese MONEY MARKET, which includes trading in shortterm GOVERNMENT BILLS, CERTIFICATES OF DEPOSIT, NOTES, REPURCHASE AGREEMENTS and REVERSE REPURCHASE AGREEMENTS.

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.