All terms

Legal Terms: F

F-1 Visa

immigration

A nonimmigrant visa for foreign students enrolled full-time in an accredited academic institution in the United States.

Facility Access Control

healthcare

A HIPAA Security Rule physical safeguard requiring covered entities to implement policies and procedures to limit physical access to electronic information systems and facilities.

Fact Finder

courts

The person or body (judge or jury) responsible for determining the facts in a legal proceeding.

Fair Labor Standards Act

employment

The primary federal law establishing minimum wage, overtime pay, recordkeeping, and child labor standards for employees in the private sector and government.

Fair Market Value

real estate

The price at which property would change hands between a willing buyer and a willing seller, neither under compulsion, and both having reasonable knowledge of relevant facts.

Fair Use

intellectual property

A legal doctrine allowing limited use of copyrighted material without permission for purposes such as criticism, commentary, news reporting, teaching, and research.

Fair Use

ip

A doctrine in copyright law permitting limited use of copyrighted material without permission for purposes such as criticism, commentary, news reporting, teaching, and research.

False Claims Act

healthcare

A federal statute imposing liability on persons and entities that defraud governmental programs, including healthcare fraud, with treble damages and per-claim penalties.

False Imprisonment

tort

The unlawful restraint of a person's freedom of movement without their consent and without legal authority.

Family and Medical Leave Act

employment

A federal law requiring covered employers to provide up to 12 weeks of unpaid, job-protected leave per year for specified family and medical reasons.

Federal Court

courts

A court established under the U.S. Constitution to hear cases involving federal law, constitutional issues, and disputes between citizens of different states.

Federal Insecticide Fungicide and Rodenticide Act

environmental

A federal statute governing the sale, distribution, and use of pesticides, requiring EPA registration of all pesticide products.

Federal Question

courts

A case arising under the Constitution, federal statutes, or treaties, giving federal courts subject-matter jurisdiction.

Federally Recognized Tribe

tribal

An Indian tribe acknowledged by the federal government as having a government-to-government relationship with the United States, eligible for federal programs and services.

Fee Simple

real estate

The most complete form of ownership of real property, giving the owner the right to use, possess, and dispose of the land without limitation.

Fee Simple Defeasible

real estate

An estate in land that can be defeated or terminated upon the occurrence of a specified event or condition.

Fee-to-Trust

tribal

The process by which the federal government acquires private land and places it into trust status for the benefit of an Indian tribe, removing it from state and local jurisdiction.

Felony

criminal

A serious crime typically punishable by imprisonment for more than one year or death. Examples include murder, robbery, and burglary.

Felony Murder Rule

criminal

A legal rule holding a participant in a felony criminally liable for any death that occurs during the commission of the felony.

Related:murderfelony

Fiduciary

business

A person or entity that holds a position of trust and has a legal obligation to act in the best interest of another party.

Fiduciary Duty

business

A legal obligation of one party to act in the best interest of another, requiring utmost good faith, trust, and loyalty.

Fiduciary Duty in Securities

securities

The obligation of investment advisers and broker-dealers to act in the best interest of their clients when providing investment advice or managing assets.

Fifth Amendment

constitutional

The constitutional amendment providing protections against double jeopardy, self-incrimination, and deprivation of life, liberty, or property without due process.

Filing

civil procedure

The formal submission of legal documents to a court to initiate or continue a legal proceeding.

Filing Status

tax

A classification that determines the tax rate, standard deduction, and eligibility for certain credits, including single, married filing jointly, married filing separately, head of household, and qualifying widow(er).

Final Judgment

civil procedure

A court's last action that fully resolves all issues in a case, making it eligible for appeal.

Finding of No Significant Impact

environmental

A document issued by a federal agency when an environmental assessment determines that a proposed action will not significantly affect the environment, eliminating the need for a full EIS.

FINRA

securities

The Financial Industry Regulatory Authority, a self-regulatory organization that oversees broker-dealers and enforces compliance with securities rules.

First Amendment

constitutional

The constitutional amendment protecting freedom of speech, religion, press, assembly, and the right to petition the government.

Fixture

property

Personal property that has been attached to real property in such a way that it becomes part of the real property.

FLSA Exemption

employment

A classification under the Fair Labor Standards Act that exempts certain employees from minimum wage and overtime requirements based on their job duties and salary level.

FMLA Retaliation

employment

An employer's adverse action against an employee for exercising their rights under the Family and Medical Leave Act.

Force Majeure

contracts

A clause in a contract that frees parties from liability when extraordinary events beyond their control prevent performance, such as natural disasters or wars.

Foreclosure

property

The legal process by which a lender seizes and sells property when the borrower fails to make mortgage payments.

Foreclosure

real estate

A legal process by which a lender seizes and sells real property to recover the balance of a defaulted loan secured by a mortgage or deed of trust.

Foreign Tax Credit

tax

A credit allowing U.S. taxpayers to reduce their federal tax liability by the amount of income taxes paid or accrued to a foreign country.

Forgery

criminal

The crime of making, altering, or possessing a false document with the intent to defraud.

Form 10-K

securities

An annual report filed with the SEC providing a comprehensive summary of a public company's financial performance, including audited financial statements.

Related:form 10 qsec

Form 10-Q

securities

A quarterly report filed with the SEC containing unaudited financial statements and a continuing view of a company's financial position.

Related:form 10 ksec

Form 1099

tax

A series of IRS information returns used to report various types of income other than wages, salaries, and tips, including independent contractor payments and investment income.

Forum

courts

The court or jurisdiction where a case is heard.

Forum Shopping

civil procedure

The practice of choosing a court or jurisdiction that is most likely to provide a favorable outcome.

Fourteenth Amendment

constitutional

The constitutional amendment guaranteeing citizenship to all persons born in the U.S., due process of law, and equal protection of the laws.

Franchise

business

A license granted by a company (franchisor) to an individual or group (franchisee) to operate a business using the company's brand, products, and systems.

Fraud

criminal

Intentional deception or misrepresentation made with the intent to deprive another person of property or a legal right.

Fraudulent Transfer

bankruptcy

A conveyance of property made with the intent to hinder, delay, or defraud creditors, or made without receiving reasonably equivalent value while the debtor was insolvent.

Freedom of Speech

constitutional

The First Amendment right protecting individuals from government censorship of their expression, subject to certain limited exceptions.

Fresh Start

bankruptcy

The fundamental policy underlying consumer bankruptcy, allowing honest debtors to eliminate overwhelming debts and begin anew.

Frivolous

civil procedure

Lacking any legal merit or factual basis. Courts may impose sanctions for filing frivolous claims.

Full Faith and Credit

constitutional

The constitutional requirement that each state honor the legislative acts, public records, and judicial decisions of every other state.

FUTA

employment

The Federal Unemployment Tax Act, imposing a payroll tax on employers to fund state unemployment insurance programs and the federal share of extended benefits.