Category: F

Beneficiary able to draw full invoice amount rather than partial value. Documented as a notation on a letter of credit.

This term applies to the authority to hear, try and decide a case.

Sometime illegal stance of Producer or supplier insistence that a dealer carry a full product line range. Not considered illegal if business need reason is legitimate .

Retailing a product family with relative prices and package discounting the line. Also refer to product family.

Responsibility for all maintenance and service charges for auto or equipment repair belongs to the lease lessor.

the term used when a total pardon has been given and the person who was guilty is restored as if he had never committed an offense.

the insurance company statement that details all of the particulars of an accident.

No-loss lease. Leased asset or property seller or owner or lessor recovers the full cost of the item. This includes the original cost plus profit margin, interest, and other cost no matter the remaining return asset value. The economic life of the asset is the lease term. An example is a capital lease. Contrast to an operating lease. Known also as full payout lease.

All qualified, registered, responsible participants are eligible to compete in this standard form of competition.

Compliance with regulatory standards in all areas, for all scenarios, under all conditions is thoroughly checked. Records, interviews, and direct observations occur to determine that specific personnel, facilities, processes, and operations exist and followed documented procedures correctly.