All Legal Terms by letter F

Face Amount :- Also known as face value, this refers to the cited value or amount stated on the instrument, by the mere language employed, such as the face amount of an insurance policy. Face amount is always exclusive of interest.


Face Value :- Also known as face amount, this refers to the cited value or amount stated on the instrument, by the mere language employed, such as the face amount of an insurance policy. Face value is always exclusive of interest.


Factor Information :- Factor is an accounting term that refers to the selling of an account receivable, by discounting the account, before the account is actually due and payable.


Factoring Information :- Factoring is an accounting term that refers to the selling of an account receivable, by discounting the account to the buyer, before the account is actually due and payable.
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Failure of Consideration :- Where performance of a contract becomes impossible because the consideration for entering into the contract no longer exists or it has lost all value. Failure of consideration will excuse nonperformance by the other party.


Failure of Issue :- Dying without leaving heirs of children


Fair Credit Act :- This law mandates procedures, in protection of consumers, for the prompt correction of billing mistakes, refusals to make credit card payments on goods that are defective, and the prompt crediting of payments.


Fair Credit Reporting Act :- This is the FCRA and is intended to require accuracy in credit reporting by providing a means for inspection and correction of reports.


Fair Housing Act :- This is the FHA which makes it illegal to discriminate in housing sales or rentals, or in housing lending and insurance, on the basis of race, color, national origin, familial status, disability, sex, and religion.


Fair Labor Standards Act, FLSA :- The federal law known as the Fair Labor Standards Act sets forth certain criteria for determining whether an employee is entitled to certain benefits from his or her employer, such as overtime pay. As a general rule, unless the employee is exempted from the act's overtime provisions, overtime must be paid at the rate of one and one-half times the regular hourly rate for any hour worked exceeding a basic 40 hour work-week.


Fair Market Value Information: :- Fair Market Value is a theoretical number that refers to the current value of an asset based on what a free market price for the asset would be. Classically, fair market value is the price a person would likely pay if the person didn't particularly care to make the purchase, from the seller who is not particularly motivated to sell the item


Fair Use :- Under the copyright law, fair use is that degree of otherwise protected copyright material that may be used by non owners without the owner's consent.
False Arrest :- An arrest made without legal authority. False arrest may be actionable civilly. False arrest occurs where, for example, a privately employed security officer takes custody of a person for an extended period of time without a legitimate reason or without reporting an offense to the police for which a lawful arrest would lie.


False Imprisonment :- This is an actual confinement to a bounded area, or a confinement that results from threats, that is caused without legal authority. This is actionable civilly and is often the basis of claims filed by suspected shoplifters confined by store security.


False Light :- A form of slander, false light is a claim that publicity has invaded a person's privacy by some false statement or representation that places the person in a false light that would clearly be highly offensive to a reasonable person.


Family Allowance :- In law related to decedent's estates, in some jurisdictions certain family members may take against the will, regardless of what contrary provisions appear in the will itself.


Family Law :- Family Law is the broad field of legal practice in which relations between people are defined. Predominantly, the field is limited to relations between spouses and children. Family Law is divorce, or dissolution, including adoption, paternity, child custody, child support, and even involves issues of domestic violence and orders of protection. Family law is statutory, but at common law was an equity proceeding. Thus, juries do not hear family law cases. Many modern state court systems have divisions devoted solely to family law cases.


Family Medical Leave Act :- A federal law passed in 1993 that entitles a covered employee to take up to twelve weeks of leave, in any twelve month period, to care for the birthing or adoption of a child, or to care for the serious health condition of the employee or the employee's child, spouse, or parent.


Federal Benefits :- Any of several economic advantages and privileges given by the Federal Government, such as food stamps, Medicaid, Social Security disability payments, veterans, etc., to which certain persons may be eligible or entitled by virtue of their economic status or dependency condition.


Federal Communications Commission :- A federal agency charged with authority over the means of electronic and other mechanical communication, such as radio, television, cable, etc., and the agency that sets standards for broadcasting.


Federal Court :- Courts at the federal level are established by the constitution and ordinarily hear cases where federal questions are involved or where disputes are of persons from different states. Of course, a federal appeals court is also a federal court.


Federal Deposit Insurance Corporation :- The FDIC is an agency set up by the federal government that insures certain bank accounts for up to $100,000.00. The FDIC was created back in 1933 during the Great Depression in order to restore confidence in the banking concept and in the banking system.


Federal Grant :- An award, or transfer of money from an agency of the Federal Government to a business or to an individual, given without compensation, for a specific purpose. Federal grants may be for anything from business startup grants to educational opportunities and tuition assistance grants. Federal Government Grants are awarded after an application process. One of the skills required is the skill of grant application writing.