FU glossary terms

Browse full definitions for every FU term in the Amicus glossary.

Fuel Regulation

/ˈfjuːəl ˌrɛɡjʊˈleɪʃən/

Definitions

  1. (n.) Laws and rules governing the manufacture, distribution, use, and environmental impact of fuels.
    The government implemented new fuel regulations to reduce carbon emissions from vehicles.

Forms

  • fuel regulation
  • fuel regulations

Commentary

Fuel regulation often involves balancing energy needs with environmental protection, frequently referenced in drafting statutes on emissions and fuel standards.


Fugitive

/ˈfjuːdʒɪtɪv/

Definitions

  1. (n.) A person who flees from custody or justice to avoid arrest or prosecution.
    The fugitive was apprehended after crossing state lines.
  2. (adj.) Relating to or characterized by fleeing or running away, especially from the law.
    The fugitive suspect was the subject of a nationwide manhunt.

Forms

  • fugitive
  • fugitives

Commentary

In legal contexts, 'fugitive' often implicates interstate or international law enforcement issues, such as extradition.


Fugitive Recovery

/ˈfjuːdʒɪtɪv rɪˈkʌvəri/

Definitions

  1. (n.) The act of locating and apprehending a person who has fled custody or legal supervision to avoid prosecution or punishment, typically performed by a bail bondsman or a licensed recovery agent.
    The fugitive recovery agent tracked down the defendant who skipped bail.

Forms

  • fugitive recovery
  • fugitive recoveries

Commentary

Fugitive recovery is distinct from formal law enforcement capture and often involves private agents operating under specific legal constraints.


Fugitive Recovery Agent

/ˈfjuːdʒɪtɪv rɪˈkʌvəri ˈeɪdʒənt/

Definitions

  1. (n.) A person licensed or authorized to locate and apprehend individuals who have skipped bail and are fugitives from justice to return them for legal proceedings.
    The fugitive recovery agent successfully located the defendant who had fled the jurisdiction.

Forms

  • fugitive recovery agent
  • fugitive recovery agents

Commentary

This term often overlaps with 'bounty hunter,' though usage and licensing requirements vary by jurisdiction; ensure compliance with local laws when referencing or employing such agents.


Fulfill

/fʊlˈfɪl/

Definitions

  1. (v.) To meet or carry out the terms or conditions of a legal agreement or obligation.
    The contractor must fulfill the terms of the agreement before receiving payment.
  2. (v.) To satisfy a legal or contractual requirement.
    The party fulfilled all regulatory requirements prior to commencement.

Forms

  • fulfills
  • fulfilled
  • fulfilling

Commentary

In legal drafting, 'fulfill' commonly refers to the successful completion of duties or conditions stipulated in contracts or laws; clarity in specifying which obligations are fulfilled avoids ambiguity.


Fulfillment

/fʊlˈfɪlmənt/

Definitions

  1. (n.) The act of performing or completing an obligation or duty as stipulated in a contract or legal agreement.
    The fulfillment of the contract terms is essential to avoid breach of contract claims.
  2. (n.) The delivery or completion of goods or services as required by an agreement, especially in commercial contexts.
    The company ensured prompt fulfillment of all customer orders.

Commentary

In legal contexts, 'fulfillment' specifically highlights the completion aspect of contractual duties and is crucial to distinguish from partial or defective performance.


Fulfilment

/ˈfʊl.fɪl.mənt/

Definitions

  1. (n.) The act of performing or completing an obligation, duty, or condition under a contract or legal agreement.
    The fulfilment of all contractual obligations must be documented to avoid disputes.
  2. (n.) Delivery of goods or services as required by a contract, particularly in commercial law and logistics.
    Timely fulfilment of orders is essential for maintaining customer trust.

Commentary

Commonly used in contracts to denote the completion of duties; precise wording ensures clarity on what constitutes fulfilment.


Full

/fʊl/

Definitions

  1. (adj.) Containing as much or as many as possible; complete or entire in extent or degree.
    The court granted the plaintiff full access to the documents.
  2. (adj.) Having achieved all rights, privileges, or responsibilities; not limited or conditional.
    He has full legal capacity to enter into contracts.
  3. (adj.) Not vacant or available; fully occupied.
    The jury box was full during the trial.

Commentary

In legal drafting, 'full' often qualifies rights, authority, or disclosure scope, emphasizing completeness or unconditional status.


Full Court

/ˈfʊl kɔːrt/

Definitions

  1. (n.) A session of a court at which all judges participate, typically to decide important or complex cases.
    The appeal was heard by the full court to ensure a unanimous decision.

Forms

  • full courts

Commentary

Used primarily in appellate courts, a full court decision carries significant precedential weight.


Full Disclosure

/ˌfʊl dɪsˈkloʊʒər/

Definitions

  1. (n.) The legal requirement to reveal all material facts and information relevant to a transaction or legal matter.
    The contract was voided due to the seller’s failure to provide full disclosure of known defects.
  2. (n.) A principle ensuring transparency in legal proceedings or regulatory compliance by mandating the sharing of pertinent data.
    Full disclosure in securities law helps protect investors from fraud.

Commentary

Full disclosure is critical in contract law and regulatory contexts to prevent concealment of material information and promote fairness.


Full Faith and Credit

/ˌfʊl feɪθ ænd ˈkrɛdɪt/

Definitions

  1. (n.) A constitutional doctrine requiring each U.S. state to recognize and enforce the public acts, records, and judicial proceedings of every other state.
    The court enforced full faith and credit to uphold the validity of the out-of-state custody order.

Commentary

Full Faith and Credit primarily applies within U.S. constitutional law; precise application may vary by context, especially with respect to judgments and statutes.


Full Faith and Credit Clause

/ˈfʊl feɪθ ænd ˈkrɛdɪt klɔz/

Definitions

  1. (n.) A constitutional provision requiring each state to recognize and enforce the public acts, records, and judicial proceedings of every other state.
    The Full Faith and Credit Clause ensures that a marriage legally performed in one state is recognized in all others.

Forms

  • full faith and credit clause

Commentary

Draft careful language in contracts and judgments to account for interstate enforcement under this clause.


Full Performance

/ˌfʊl pərˈfɔːrməns/

Definitions

  1. (n.) The complete and exact fulfillment of a contractual obligation by a party, satisfying all terms and conditions agreed upon.
    The contract was discharged by the full performance of all duties by the seller.

Forms

  • full performance

Commentary

Full performance indicates that all duties under a contract have been satisfied, thereby typically obligating no further action or payment from either party.



Full-Time Employee

/ˌfʊl taɪm ɛmˈplɔɪi/

Definitions

  1. (n.) An employee engaged to work a standard or contractual number of hours defined by the employer or law, typically entitling them to full benefits and protections.
    The company offers health insurance to every full-time employee.

Forms

  • full-time employee
  • full-time employees

Commentary

The definition of full-time employee often varies by jurisdiction and employer, influencing eligibility for benefits and protections; thus, specifying the applicable standard hours is advisable in drafting.


Fuller

/ˈfʊlər/

Definitions

  1. (n.) A person who traditionally cleans and thickens cloth by moistening, heating, and pressing it; historical relevance in law related to trade and guild regulations.
    The fuller ensured the fabric met the guild's quality standards before sale.
  2. (adj.) More full or complete in a comparative sense, sometimes used in legal descriptions to indicate extent or scope.
    The contract provided fuller disclosure of the parties' obligations than the previous draft.

Commentary

In legal contexts, 'fuller' as a noun is archaic but relevant in historical trade law; as an adjective, it often appears in comparative descriptions of legal documents or obligations.


Fullest

/ˈfʊlɪst/

Definitions

  1. (adj.) Most complete or comprehensive, especially in the context of legal rights, remedies, or measures.
    The plaintiff seeks the fullest extent of damages allowable under the law.

Commentary

Used to emphasize the most complete or entire extent of a legal concept, often in legal documents to stress non-limitation.


Fully

/ˈfʊli/

Definitions

  1. (adv.) Completely or to the fullest extent; often used in legal contexts to indicate total performance or consent.
    The party fully complied with the terms of the contract.
  2. (adv.) Without reservation or limitation, particularly in regard to rights or obligations.
    The defendant fully admitted liability.

Commentary

Used primarily as an adverb to emphasize completeness or totality in legal acts or conditions; important to distinguish from related terms like 'complete' which may function as adjectives or nouns.


Fully Paid Shares

/ˈfʊli peɪd ʃɛərz/

Definitions

  1. (n.) Shares of a corporation that have been issued and fully paid for by the shareholder, meaning no further payments are due to the company.
    The company issued fully paid shares to the initial investors, who are not liable for additional calls.

Forms

  • fully paid shares
  • fully paid share

Commentary

Fully paid shares denote stock for which the shareholder has met all payment obligations, limiting further financial liability to the company.


Function

/ˈfʌŋkʃən/

Definitions

  1. (n.) A specific duty, role, or purpose legally assigned to a person, office, or entity.
    The function of the court is to adjudicate disputes impartially.
  2. (n.) The action or use for which a legal provision or document is designed or intended.
    The function of the contract is to establish binding obligations.

Forms

  • functions

Commentary

In legal drafting, distinguishing the function of an office or statute clarifies its scope and purpose, aiding interpretation and application.


Functional Capacity

/ˈfʌŋkʃənəl kəˈpæsɪti/

Definitions

  1. (n.) The legally recognized ability of an individual to perform tasks or duties, often assessed in contexts such as disability law or employment law.
    The claimant's functional capacity was evaluated to determine eligibility for disability benefits.
  2. (n.) An entity's or organization's ability to carry out its legally prescribed roles or powers.
    The corporation's functional capacity to enter into contracts was confirmed by its bylaws.

Forms

  • functional capacity

Commentary

In legal drafting, 'functional capacity' often requires precise definition related to the context—whether individual ability or organizational powers—to avoid ambiguity.


Functional Capacity Evaluation

/ˈfʌŋkʃənəl kəˈpæsɪti ˌɛvəˈluːeɪʃən/

Definitions

  1. (n.) A systematic assessment to determine an individual's ability to perform work-related physical tasks, often used in disability, workers' compensation, and rehabilitation law.
    The court ordered a functional capacity evaluation to assess the claimant's ability to return to work.

Forms

  • functional capacity evaluation
  • functional capacity evaluations

Commentary

In legal contexts, FCE reports carry significant weight in determining entitlement to benefits and accommodations; precise documentation and adherence to standard protocols are critical.


Functional Currency

/ˈfʌŋkʃənəl ˈkɜːrənsi/

Definitions

  1. (n.) The currency of the primary economic environment in which an entity operates and generates cash flows, used for accounting and reporting purposes.
    The company determined its functional currency to properly prepare its financial statements.

Forms

  • functional currency

Commentary

Choosing the correct functional currency is crucial for consistent financial reporting and compliance with international accounting standards such as IAS 21.


Fund

/ˈfʌnd/

Definitions

  1. (n.) A sum of money or resources allocated for a specific purpose, often held by an entity to finance activities, projects, or liabilities.
    The charity established a fund to support education initiatives.
  2. (v.) To provide financial resources to pay for a project, activity, or obligation.
    The government agreed to fund the new infrastructure program.

Forms

  • funds
  • funded
  • funding

Commentary

As both noun and verb, 'fund' is central in legal and financial contexts; ensure clarity by specifying the purpose and source of funds when drafting.


Fund Accounting

/ˈfʌnd əˈkaʊntɪŋ/

Definitions

  1. (n.) An accounting system emphasizing accountability for resources by segregating financial activities into funds, often used by governments, nonprofits, and fiduciaries.
    Municipalities use fund accounting to ensure public funds are used per statutory requirements.

Forms

  • fund accounting

Commentary

Fund accounting is particularly important in legal contexts involving public funds and fiduciary responsibilities, ensuring compliance with restrictions and transparency.


Fund Allocation

/ˈfʌnd ˌæləˈkeɪʃən/

Definitions

  1. (n.) The legal process by which financial resources are distributed to specific purposes, entities, or projects under governing rules or agreements.
    The fund allocation must comply with the stipulations of the grant agreement.

Forms

  • fund allocation

Commentary

Fund allocation often requires clear documentation to ensure compliance with contractual or statutory funding obligations.


Fund Balance

/ˈfʌnd ˈbæləns/

Definitions

  1. (n.) The difference between a government's assets and liabilities in governmental funds, representing resources available for spending.
    The city reported a positive fund balance at the end of the fiscal year.
  2. (n.) An accounting measure reflecting the residual equity in fund accounting, used primarily in public sector and nonprofit financial reporting.
    The nonprofit disclosed its fund balance to demonstrate financial health.

Forms

  • fund balance

Commentary

Fund balance classifications (e.g., restricted, unrestricted) are critical for clear government financial reporting and transparency.


Fund Commitment

/ˈfʌnd kəˌmɪtmənt/

Definitions

  1. (n.) A legal and financial obligation by an investor to provide a specified amount of capital to a fund, typically in private equity or investment contexts.
    The limited partner's fund commitment ensures capital availability for future investments.

Forms

  • fund commitment
  • fund commitments

Commentary

Fund commitments bind investors legally and financially, requiring careful drafting to specify timing and conditions for capital contributions.


Fund Disbursement

/ˈfʌnd dɪsˌbɜːrsmənt/

Definitions

  1. (n.) The authorized payment or allocation of funds from a financial source, often in accordance with legal or contractual obligations.
    The fund disbursement was delayed pending final approval from the board.

Forms

  • fund disbursement
  • fund disbursements

Commentary

Often requires precise documentation and authorization to ensure compliance with legal or fiduciary duties.


Fund Management

/ˈfʌnd ˈmænɪdʒmənt/

Definitions

  1. (n.) The professional administration and oversight of investment funds, including asset allocation, portfolio strategy, and compliance with legal and regulatory requirements.
    The fund management team is responsible for ensuring the portfolio adheres to the investment mandate and legal standards.

Forms

  • fund management

Commentary

In legal drafting, specify roles and responsibilities within fund management to clarify fiduciary duties and regulatory compliance obligations.


Fund Manager

/ˈfʌnd ˈmænɪdʒər/

Definitions

  1. (n.) An individual or entity responsible for managing investment funds, making decisions regarding asset allocation, and overseeing the fund’s portfolio to achieve its investment objectives.
    The fund manager decided to diversify the portfolio to mitigate risk.

Forms

  • fund manager
  • fund managers

Commentary

The term specifically denotes fiduciaries managing pooled investment assets; clarity on their duties and regulatory compliance is crucial in drafting.


Fund of Funds

/ˌfʌnd əv ˌfʌndz/

Definitions

  1. (n.) An investment vehicle that pools capital to invest in multiple other funds rather than directly in securities.
    The plaintiff invested in a fund of funds to diversify his portfolio across various private equity funds.

Forms

  • fund of funds
  • funds of funds

Commentary

Fund of funds structures can raise complex regulatory and disclosure issues due to their layered fee arrangements and indirect exposures.


Fund Segregation

/ˈfʌnd ˌsɛɡrɪˈɡeɪʃən/

Definitions

  1. (n.) The legal requirement to keep client or customer funds separate from a firm's own operational funds to protect those assets.
    The brokerage firm violated regulations by failing to maintain proper fund segregation.

Forms

  • fund segregation
  • fund segregations

Commentary

Fund segregation is key in financial regulation to prevent misuse of client funds and ensure they are not commingled with the firm's assets.


Fund Transfer

/ˈfʌnd trænsˌfɜːr/

Definitions

  1. (n.) The legal act of moving money from one account to another, often governed by banking and financial regulations.
    The contract specifies the conditions under which fund transfer must occur.

Forms

  • fund transfer
  • fund transfers

Commentary

Fund transfer is frequently regulated under banking law and anti-money laundering statutes; precise terms should be defined to clarify timing and liability.


Fund Valuation

/ˈfʌnd ˌvæljuˈeɪʃən/

Definitions

  1. (n.) The process of determining the fair market value of a fund's assets, liabilities, and net asset value, typically for investor reporting and compliance purposes.
    The fund valuation was performed at the close of each trading day to ensure accurate investor statements.

Forms

  • fund valuation

Commentary

Fund valuation requires adherence to regulatory standards and market principles to ensure transparency and fairness in investment management.


Fundamental

/ˌfʌndəˈmɛntl/

Definitions

  1. (adj.) Forming a necessary base or core; of central importance in law or legal principles.
    The fundamental rights of individuals are protected by the constitution.
  2. (adj.) Relating to the essential principles or elements underlying a legal system or doctrine.
    The court examined the fundamental principles of contract law in its ruling.

Commentary

Often used to highlight core legal concepts or rights that cannot be overridden without due process.


Fundamental Attribution Error

/ˌfʌndəˈmɛntl əˌtrɪbjʊˈtɪʃən ˈɛrər/

Definitions

  1. (n.) A cognitive bias where individuals attribute others' actions to inherent character traits rather than situational factors, affecting legal judgments on intent and responsibility.
    The court cautioned against the fundamental attribution error when interpreting the defendant's behavior during trial.

Forms

  • fundamental attribution error

Commentary

Understanding the fundamental attribution error is critical in legal contexts to avoid misjudging a party's intent or culpability based solely on behavior without considering external circumstances.


Fundamental Breach

/ˌfʌndəˈmɛntəl briːʧ/

Definitions

  1. (n.) A breach of contract so serious that it permits the aggrieved party to terminate the contract and claim damages.
    The court ruled that the supplier's failure to deliver constituted a fundamental breach, justifying contract termination.

Forms

  • fundamental breaches

Commentary

The term is critical in contract law to distinguish minor breaches from those that undermine the contract’s core purpose, enabling discharge of obligations.


Fundamental Element

/ˌfʌndəˈmɛntl ˈɛlɪmənt/

Definitions

  1. (n.) A basic or essential component that constitutes the foundation of a legal concept, argument, or document.
    The duty of care is a fundamental element in negligence claims.

Forms

  • fundamental elements

Commentary

Use ‘fundamental element’ to emphasize core components required by law; often distinguished from ancillary or nonessential elements.


Fundamental Error

/ˌfʌndəˈmɛntl ˈɛrər/

Definitions

  1. (n.) A serious legal mistake that vitiates the entire proceeding or judgment, rendering it void or subject to reversal.
    The appellate court overturned the verdict due to a fundamental error in admitting evidence.
  2. (n.) An error so grave it affects the core jurisdiction or essential fairness of a trial, allowing correction even when not raised timely.
    The defendant argued that the trial court committed a fundamental error by failing to grant the right to counsel.

Forms

  • fundamental error
  • fundamental errors

Commentary

Fundamental error differs from ordinary error by its impact on the validity of the entire proceeding and its capacity to be reviewed regardless of procedural default.


Fundamental Law

/ˈfʌndəməntəl lɔː/

Definitions

  1. (n.) A supreme or fundamental principle or body of principles forming the basis of a legal system or constitution.
    The fundamental law of the country guarantees freedom of speech.
  2. (n.) An unwritten or customary law considered basic to the legal order in some jurisdictions.
    In some common law systems, certain rights are protected by fundamental law rather than statute.

Forms

  • fundamental laws

Commentary

Often used to designate the highest form of law that overrides ordinary legislation; drafting should clarify whether reference is to written constitution, customary rules, or principles of supreme legal authority.


Fundamental Right

/ˌfʌndəˈmɛntl raɪt/

Definitions

  1. (n.) A right recognized by constitutional or legal frameworks as essential to individual liberty and dignity, often protected against governmental interference.
    Freedom of speech is considered a fundamental right in many democracies.

Forms

  • fundamental rights

Commentary

Fundamental rights typically require a higher level of legal protection and often involve judicial scrutiny when state actions limit them.


Funde

Definitions

  1. (n.) In legal contexts, particularly in civil law jurisdictions, a funde refers to a right or interest in immovable property, analogous to a tenure or estate.
    The contract granted him a funde over the land for a period of ten years.

Commentary

The term is primarily used in civil law systems to denote property interests; it is important to distinguish it from ownership rights in drafting.


Funding Agreement

/ˈfʌndɪŋ əˈɡriːmənt/

Definitions

  1. (n.) A legally binding contract outlining terms under which funds are provided, typically from a grantor or investor to a grantee or recipient.
    The funding agreement specified the milestones the recipient must meet to receive each disbursement.

Forms

  • funding agreements

Commentary

Funding agreements often include detailed conditions on usage and reporting to protect the funder's interests.


Funding Approval

/ˈfʌndɪŋ əˈpruːvəl/

Definitions

  1. (n.) The formal consent or authorization granted by a party, typically a government body or financial institution, to allocate financial resources for a particular project or purpose.
    The project's commencement was delayed until funding approval was secured from the board.
  2. (n.) The official decision confirming that the proposed expenses or budget meet legal and procedural requirements, enabling disbursement of funds.
    The contract's effectiveness was contingent upon funding approval by the relevant authority.

Forms

  • funding approval
  • funding approvals

Commentary

In drafting agreements, clearly define the scope and conditions of funding approval to prevent ambiguity about the triggering of financial obligations.


Funding Authorization

/ˈfʌndɪŋ ˌɔːθəraɪˈzeɪʃən/

Definitions

  1. (n.) Official approval or legal authority to allocate and disburse financial resources for a particular purpose or project.
    The committee granted funding authorization for the new infrastructure project.

Forms

  • funding authorization
  • funding authorizations

Commentary

Often a prerequisite in public and private sector finance, ensuring that funds are legally allocated before spending.


Funding Compliance

/ˈfʌndɪŋ kəmˈplaɪəns/

Definitions

  1. (n.) The adherence to legal, contractual, and regulatory requirements related to the provision, use, and monitoring of funds in grants, loans, and other financial agreements.
    The organization conducted a thorough audit to ensure funding compliance with federal grant conditions.

Forms

  • funding compliance

Commentary

This term is often used in contexts involving public or private funding where legal and contractual obligations must be met; precision in defining applicable regulations is key in drafting related policies.


Funding Criteria

/ˈfʌndɪŋ kraɪˈtɪəriə/

Definitions

  1. (n.) Standards or conditions set by an authority that determine eligibility for receiving financial support or investment.
    The grant application was denied because it did not meet the funding criteria.
  2. (n.) Legal or regulatory requirements outlined in agreements or statutes that govern the allocation of funds.
    Compliance with the funding criteria is mandatory to avoid breach of contract.

Forms

  • funding criteria
  • funding criterion

Commentary

Funding criteria are often detailed in contracts or statutes to ensure transparency and fairness in the distribution of funds; drafters should specify clear, objective standards to avoid disputes.


Funding Cuts

Definitions

  1. (n.) Reductions in allocated financial resources by a governing authority or organization, often impacting governmental agencies, programs, or legal obligations.
    The nonprofit faced significant challenges after the funding cuts imposed by the state legislature.

Forms

  • funding cut

Commentary

Funding cuts typically arise through legislative or administrative decisions; precise drafting in contracts and statutes is essential to clarify effects of such reductions on obligations and services.


Funding Eligibility

/ˈfʌndɪŋ ˌɛlɪdʒɪˈbɪləti/

Definitions

  1. (n.) The state or condition of meeting the criteria required to receive financial support under a legal or regulatory framework.
    The nonprofit organization verified its funding eligibility before applying for the government grant.
  2. (n.) A determination by a legal authority or entity that a party qualifies to obtain funds typically for projects, legal aid, or public assistance.
    The court reviewed the applicant's funding eligibility for legal aid services.

Forms

  • funding eligibility

Commentary

Funding eligibility often depends on specific statutory or regulatory criteria; precise definitions vary by context and jurisdiction.


Funding Source

/ˈfʌndɪŋ ˈsɔːrs/

Definitions

  1. (n.) An entity or mechanism providing financial resources for a project, program, or legal obligation.
    The grant was approved after confirming the funding source.
  2. (n.) The origin of money used to satisfy a claim or support contractual obligations.
    The contract stipulated the funding source for repayment.

Forms

  • funding source
  • funding sources

Commentary

In legal drafting, specifying the funding source is crucial to ensure clarity on financial responsibility and compliance with regulatory or contractual terms.


Funding Statute

/ˈfʌndɪŋ ˈstætʃuːt/

Definitions

  1. (n.) A statute that authorizes the allocation or provision of government funds for specific programs, activities, or agencies.
    The funding statute allocated resources to support public education initiatives.

Forms

  • funding statute
  • funding statutes

Commentary

Funding statutes often specify the limits and purposes of expenditures, requiring precise drafting to ensure legal compliance and effective resource allocation.


Fundraising

/ˈfʌndˌreɪzɪŋ/

Definitions

  1. (n.) The legal process of soliciting and collecting monetary contributions or other assets for a specific purpose, often governed by regulations to ensure transparency and prevent fraud.
    The nonprofit organization complied with state laws regulating fundraising activities.

Forms

  • fundraising

Commentary

Fundraising often requires compliance with statutory and regulatory frameworks; clarity in purpose and disclosure is critical to avoid legal pitfalls.


Fundraising Law

/ˈfʌndrɪzɪŋ lɔː/

Definitions

  1. (n.) Body of laws and regulations governing the solicitation, collection, and use of funds, especially for charitable organizations.
    Nonprofits must comply with fundraising law to ensure transparency and avoid penalties.

Forms

  • fundraising law
  • fundraising laws

Commentary

Fundraising law often intersects with nonprofit and tax law, requiring careful drafting to address jurisdictional variations and disclosure obligations.


Fundraising Regulation

/ˈfʌndˌreɪ.zɪŋ ˌrɛɡ.jʊˈleɪ.ʃən/

Definitions

  1. (n.) Legal framework governing the solicitation, receipt, and use of funds by organizations, ensuring transparency, accountability, and compliance.
    The nonprofit adhered strictly to the fundraising regulation to maintain its tax-exempt status.

Forms

  • fundraising regulation

Commentary

Fundraising regulation often varies by jurisdiction and sector; drafters should specify applicable regulatory bodies and reporting obligations.


Funds Disbursement

/ˈfʌndz dɪsbɜːrsmənt/

Definitions

  1. (n.) The act or process of paying out money, especially from a fund or account, for authorized purposes.
    The funds disbursement was completed after all invoices were verified.

Forms

  • funds disbursement

Commentary

In legal drafting, clearly specify authorization and source of funds to ensure enforceability and audit compliance.


Funds Hold

Definitions

  1. (n.) A temporary restriction or hold placed on funds to prevent withdrawal or transfer until certain conditions are met.
    The bank applied a funds hold after detecting suspicious activity on the account.

Forms

  • funds hold

Commentary

Often used in banking and finance contexts to manage risk or compliance before releasing money.


Funds Management

/ˈfʌndz ˈmænɪdʒmənt/

Definitions

  1. (n.) The professional administration, oversight, and allocation of financial assets and investments on behalf of individuals, corporations, or institutions.
    The funds management team is responsible for ensuring the client's portfolio complies with regulatory requirements.
  2. (n.) A legal practice area involving the regulation and governance of the collection, investment, and distribution of pooled financial resources.
    Funds management laws dictate how pension funds must be administered to protect beneficiaries.

Commentary

In legal contexts, funds management emphasizes compliance with fiduciary and regulatory obligations governing pooled financial assets.


Funds Transfer

/ˈfʌndz trænsˌfɜːr/

Definitions

  1. (n.) The electronic or other conveyance of money from one person or entity to another.
    The funds transfer was completed within seconds through the bank's secure system.
  2. (n.) A type of payment mechanism regulated under the Uniform Commercial Code and other financial laws involving the movement of money between accounts.
    Funds transfers under the UCC must comply with specific warranties and liabilities.

Forms

  • funds transfers

Commentary

In legal drafting, distinguish 'funds transfer' as a concept from specific modes like 'wire transfer'; precise usage may affect liability and regulatory compliance.


Funds Transfer Act

/ˈfʌndz ˈtrænsfər ækt/

Definitions

  1. (n.) A federal law regulating electronic funds transfers to protect consumers.
    The Funds Transfer Act requires disclosure of terms in electronic payments.

Forms

  • funds transfer act

Commentary

Often used synonymously with the Electronic Funds Transfer Act (EFTA), but can denote various statutes in funds transfer regulation; clarify jurisdiction when drafting.


Funds Withdrawal

/ˈfʌndz wɪθˈdrɔːəl/

Definitions

  1. (n.) The act or process of removing money from an account or fund, often governed by contractual or regulatory terms.
    The client requested a funds withdrawal to transfer money to their primary checking account.

Forms

  • funds withdrawal

Commentary

Usage often depends on context; specify the source account and applicable conditions to avoid ambiguity in contracts.


Funeral Rites

/ˈfjuːnərəl raɪts/

Definitions

  1. (n.) Ceremonial acts legally observed to honor deceased persons, often regulated by statutes and local ordinances.
    The city council passed an ordinance regulating funeral rites to ensure public health and safety.

Forms

  • funeral rite

Commentary

Funeral rites may involve specific procedures affecting legal rights and obligations, such as the handling of remains and compliance with health regulations, which drafters should clearly distinguish in legal texts.


Fungibility

/ˌfʌn.dʒɪˈbɪl.ɪ.ti/

Definitions

  1. (n.) The property of an asset whereby individual units are interchangeable and indistinguishable from each other.
    The fungibility of currency allows it to be exchanged easily in markets.
  2. (n.) A characteristic that enables goods or securities to be mutually interchangeable without loss of value or function.
    Fungibility is essential for the smooth operation of commodity markets.

Commentary

Fungibility is often crucial in contract drafting and securities law, as it affects transferability and valuation of assets.


Fungible

/ˈfʌndʒɪbəl/

Definitions

  1. (adj.) Capable of being exchanged with another identical item or unit, indicating interchangeability in legal or commercial contexts.
    Money is a fungible asset because one dollar is generally considered equivalent to another dollar.

Commentary

Often used to distinguish types of property or assets in contracts; specifying fungibility can affect obligations and enforcement.


Furlough

/ˈfɜːr.lɔː/

Definitions

  1. (n.) A temporary leave of absence from work or duty, often granted by an employer or authority, particularly in military or employment contexts.
    The company announced a furlough for all non-essential employees due to budget cuts.
  2. (v.) To grant a temporary leave of absence, especially from military service or employment.
    The officer was furloughed for three months to address personal matters.

Forms

  • furloughs
  • furloughed
  • furloughing

Commentary

In legal drafting, distinguish furlough as an authorized temporary leave, different from termination or layoff, often impacting employee benefits and status.


Furniture

/ˈfɜːrnɪtʃər/

Definitions

  1. (n.) Moveable articles collectively used to make a room or building suitable for living or working, such as chairs, tables, and desks, recognized as property in legal contexts.
    The landlord is responsible for providing basic furniture in the rental unit.

Commentary

In legal contexts, furniture is typically classified as personal property, distinct from fixtures which are attached to realty.


Fusion

/ˈfjuːʒən/

Definitions

  1. (n.) The combining of two or more companies or entities into one, often involving the transfer of assets and liabilities.
    The fusion of the two corporations created a market leader.
  2. (n.) In patent law, the process of combining prior art to create a new, patentable invention.
    The patent examiner found the invention to be an obvious fusion of existing technologies.

Commentary

In legal contexts, 'fusion' typically refers to corporate combinations, distinct from related terms like 'merger' or 'amalgamation' by specific procedural or jurisdictional nuances.


Futile

/ˈfjuːtaɪl/

Definitions

  1. (adj.) Incapable of producing any useful result; pointless or ineffective, especially regarding legal actions or remedies.
    The court found the motion to dismiss was futile under the circumstances.

Commentary

In legal contexts, 'futile' often describes actions or motions that are doomed to fail or lack legal efficacy, advising caution before pursuing them.


Futility

/ˈfjuːtɪlɪti/

Definitions

  1. (n.) The state or quality of being incapable of producing any useful result in a legal context, often referring to actions or motions with no legal effect.
    The court dismissed the motion on grounds of futility.
  2. (n.) A doctrine in equity that permits a court to deny relief when the requested action would be ineffectual or pointless.
    The plea was rejected due to the futility doctrine.

Commentary

In legal drafting, labeling a claim or motion as futile signals its lack of substantive merit, cautioning against unnecessary litigation.


Future

/ˈfjuː.tʃər/

Definitions

  1. (n.) A legally recognized expectation or event that will occur or become operative in time to come, often referring to future rights, obligations, or interests in law.
    The parties agreed to modify the contract to address potential future liabilities.
  2. (adj.) Relating to or effective at a time yet to come.
    The future performance of the tenant depends on compliance with all terms.

Commentary

In legal drafting, 'future' commonly modifies rights or obligations that have not yet matured or taken effect, often requiring precise temporal language to avoid ambiguity.


Future Generations

/ˈfjuːtʃɚ ˌdʒɛnəˈreɪʃənz/

Definitions

  1. (n.) Individuals who will live in the time period following the current one, often referenced in legal contexts concerning sustainability, environmental law, and human rights to emphasize obligations transcending present beneficiaries.
    The treaty was designed to protect natural resources for future generations.

Forms

  • future generations
  • future generation (singular)

Commentary

Term is primarily used in plural form to highlight legal responsibilities owed beyond the present population; often appears in constitutional and environmental texts addressing long-term impact.


Future Interest

/ˈfjuːtʃər ˈɪntərɪst/

Definitions

  1. (n.) A legal right to property ownership that will begin in the future, after the expiration of a prior estate or condition.
    She holds a future interest in the property that will commence after her father's death.

Forms

  • future interests

Commentary

Future interests are key in estate planning and property law, requiring precise language to define when possession and ownership rights transfer.


Futures Contract

/ˈfjuːtʃərz ˈkɒntrækt/

Definitions

  1. (n.) A standardized legal agreement to buy or sell a specified asset at a predetermined price at a specified time in the future on a futures exchange.
    The trader entered into a futures contract to purchase 1,000 barrels of oil in three months.

Forms

  • futures contracts

Commentary

Futures contracts differ from forward contracts by being standardized and exchange-traded, which reduces counterparty risk.


Futures Market

/ˈfjuː.tʃərz ˈmɑːr.kɪt/

Definitions

  1. (n.) A regulated marketplace where standardized futures contracts are bought and sold, commonly involving commodities, financial instruments, or indices.
    Investors use the futures market to hedge against price fluctuations in commodities.

Forms

  • futures market
  • futures markets

Commentary

The term specifically denotes the organized exchange context for trading standardized futures contracts, distinguished from over-the-counter or forward markets.

Glossary – FU Terms