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Glossary

Words

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

Currently displaying definitions for words starting with - F

Facade
The principal exterior face of a house or other building.
Fiscal Year
The Business year as distinguished from the calendar year. Companies use various periods as their fiscal year, the most commonly used period is the 1st July on year to June 30th.
Fixtures
Appurtenances affixed to structures or land, usually in such manner that they cannot be independently moved without damage to themselves or the property housing supporting or pertinent to them.
Fraud
Used in many senses, but the point common to all of them is that material advantage is gained by unfair means. (i) Actual fraud occurs when one person causes pecuniary injury to another by intentionally misrepresenting or concealing a material fact which, from their mutual position, he was bound to explain or disposition and profits. This kind of fraud is sometimes called personal or moral as opposed to legal or constructive fraud. (ii) Fraud sometimes exists where no wrongful intention exists. In this sense of the word fraud, or constructive or legal fraud is a comprehensive expression which indicates the case in which a court will not enforce or will set aside a contract, instrument or transaction where the court is of the opinion that it is unconscientious for a person to avail himself of the advantage which he has obtained, eg where a person takes unfair advantage of the necessities of another. The effect of this induced by the fraud or to recover damages for the injury; it gives rise to a defence to any action brought about by the fraudulent party to endorse the contract or other transaction, but it does not make it void.
Freehold
The highest form of estate in land and the nearest the law allows a real property owner to approach complete ownership. A freehold estate is one which is of unlimited duration, that is to say, it cannot be said of an estate of freehold at the time of its creation when it will come to an end. Thus an estate for life is a freehold estate, as, when it is created, while it is clear that it must come to an end with the death of a life tenant, as the person to enjoy for life is called, no one can say for certain when it will end.
Frontage
the distance land or a building extends on a street. Where a building faces.


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