Legal Terms: F
F-1 Visa
immigrationA nonimmigrant visa for foreign students enrolled full-time in an accredited academic institution in the United States.
Facility Access Control
healthcareA 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
courtsThe person or body (judge or jury) responsible for determining the facts in a legal proceeding.
Fair Labor Standards Act
employmentThe 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 estateThe 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 propertyA legal doctrine allowing limited use of copyrighted material without permission for purposes such as criticism, commentary, news reporting, teaching, and research.
Fair Use
ipA 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
healthcareA federal statute imposing liability on persons and entities that defraud governmental programs, including healthcare fraud, with treble damages and per-claim penalties.
False Imprisonment
tortThe unlawful restraint of a person's freedom of movement without their consent and without legal authority.
Family and Medical Leave Act
employmentA 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
courtsA 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
environmentalA federal statute governing the sale, distribution, and use of pesticides, requiring EPA registration of all pesticide products.
Federal Question
courtsA case arising under the Constitution, federal statutes, or treaties, giving federal courts subject-matter jurisdiction.
Federally Recognized Tribe
tribalAn 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 estateThe 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 estateAn estate in land that can be defeated or terminated upon the occurrence of a specified event or condition.
Fee-to-Trust
tribalThe 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
criminalA serious crime typically punishable by imprisonment for more than one year or death. Examples include murder, robbery, and burglary.
Felony Murder Rule
criminalA legal rule holding a participant in a felony criminally liable for any death that occurs during the commission of the felony.
Fiduciary
businessA 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
businessA legal obligation of one party to act in the best interest of another, requiring utmost good faith, trust, and loyalty.
Fiduciary Duty in Securities
securitiesThe 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
constitutionalThe constitutional amendment providing protections against double jeopardy, self-incrimination, and deprivation of life, liberty, or property without due process.
Filing
civil procedureThe formal submission of legal documents to a court to initiate or continue a legal proceeding.
Filing Status
taxA 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 procedureA court's last action that fully resolves all issues in a case, making it eligible for appeal.
Finding of No Significant Impact
environmentalA 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
securitiesThe Financial Industry Regulatory Authority, a self-regulatory organization that oversees broker-dealers and enforces compliance with securities rules.
First Amendment
constitutionalThe constitutional amendment protecting freedom of speech, religion, press, assembly, and the right to petition the government.
Fixture
propertyPersonal property that has been attached to real property in such a way that it becomes part of the real property.
FLSA Exemption
employmentA 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
employmentAn employer's adverse action against an employee for exercising their rights under the Family and Medical Leave Act.
Force Majeure
contractsA clause in a contract that frees parties from liability when extraordinary events beyond their control prevent performance, such as natural disasters or wars.
Foreclosure
propertyThe legal process by which a lender seizes and sells property when the borrower fails to make mortgage payments.
Foreclosure
real estateA 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
taxA 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
criminalThe crime of making, altering, or possessing a false document with the intent to defraud.
Form 10-K
securitiesAn annual report filed with the SEC providing a comprehensive summary of a public company's financial performance, including audited financial statements.
Form 10-Q
securitiesA quarterly report filed with the SEC containing unaudited financial statements and a continuing view of a company's financial position.
Form 1099
taxA 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 Shopping
civil procedureThe practice of choosing a court or jurisdiction that is most likely to provide a favorable outcome.
Fourteenth Amendment
constitutionalThe constitutional amendment guaranteeing citizenship to all persons born in the U.S., due process of law, and equal protection of the laws.
Franchise
businessA 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
criminalIntentional deception or misrepresentation made with the intent to deprive another person of property or a legal right.
Fraudulent Transfer
bankruptcyA 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
constitutionalThe First Amendment right protecting individuals from government censorship of their expression, subject to certain limited exceptions.
Fresh Start
bankruptcyThe fundamental policy underlying consumer bankruptcy, allowing honest debtors to eliminate overwhelming debts and begin anew.
Frivolous
civil procedureLacking any legal merit or factual basis. Courts may impose sanctions for filing frivolous claims.
Full Faith and Credit
constitutionalThe constitutional requirement that each state honor the legislative acts, public records, and judicial decisions of every other state.
FUTA
employmentThe Federal Unemployment Tax Act, imposing a payroll tax on employers to fund state unemployment insurance programs and the federal share of extended benefits.