- F -
Fair market value - The
value for which a reasonable seller would sell an item of property
and for which a reasonable buyer would buy it.
Family law - Those areas
of the law pertaining to families, i.e., marriage, divorce, child
custody, juvenile, paternity, etc.
Federal Aviation Agency (FAA)
- A federal agency which regulates air commerce to promote
aviation Administration safety.
Federal Bureau of (FBI) -
A federal agency which investigates all violations of federal
Investigation laws.
Federal Communications (FCC)
- A federal agency which regulates interstate and foreign
Commission communications by wire and radio.
Federal Deposit Insurance
(FDIC) - An agency which insures deposits in banking
institutions in Corporation the event of financial failure.
Federal Mediation and
Conciliation Service - An agency which provides mediators to
assist in labor-management disputes.
Federal Register - A daily
publication which contains federal administrative rules and
regulations.
Federal Supplement - Books
which gives the government certain control and power to regulate
discharge of pollutants into the nation's waters in an effort to
achieve clean waters.
Federal Unemployment Tax -
A tax levied on employers based on employee wages paid. (FUTA tax)
Felony - A serious
criminal offense. Under federal law any offense punishable by
death or imprisonment for a term exceeding one year.
Fiduciary - A person or
institution who manages money or property for another and who must
exercise a standard care imposed by law, i.e., personal
representative or executor of an estate, a trustee, etc.
File - To place a paper in
the official custody of the clerk of court/court administrator to
enter into the files or records of a case.
Filing Fee - The fee
required for filing various documents.
Finding - Formal
conclusion by a judge or regulatory agency on issues of fact.
Also, a conclusion by a jury regarding a fact.
Food and Drug (FDA) - A
federal agency which sets safety and quality standards for
Administration food, drugs, cosmetics, and household substances.
Foreclosure - A court
proceeding upon default in a mortgage to vest title in the
mortgagee.
Forfeiture - A
cancellation. A legal action whereby a contract purchaser
following default loses all his interest in the property.
Fraud - A false
representation of a matter of fact which is intended to deceive
another.
