3 7 A B C D E F G H I J K L M N O P Q R S T U V W

Fee simple

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Fee simple: Freehold estate in land, the most extensive tenure allowed under the feudal system. A person who owns a fee simple estate may sell it, convey it by will or it may be transferred to an heir if the owner dies without leaving a will. For a fee simple estate to be conveyed in a will, the proper words of limitation must be used: either “To X in fee simple” or “To X and his heirs”.


Fiduciary

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Fiduciary: Person (such as a trustee, company director or executor) who exercises rights and powers for the benefit of another person, but without being under the control of that person. A fiduciary must not allow any conflict of interest to affect his duties and would not normally be allowed to profit from his position.


Fieri facias

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Fieri facias: (Latin: cause to be made) A writ of fieri facias commands a sheriff to take and auction off property to pay a debt (plus interest and costs) owed by a judgment debtor.


Final Account

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document that states the cost (3.6.1) of the total work carried out and the total payment to be made, as accepted by the parties


Fires

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Class A fires with flammable solids such as wood, plastic and paper.Class B fires involving flammable liquids and electrical fires.Class C fires involving gases.Class D fires involving metals such as magnesium, potassium and titanium.Class F fires with cooking oils and fats.