Legal Topic | F

FUNDED DEBT

That part of the national debt for which certain funds are appropriated towards the payment of the interest.

FULL AGE

A person is said to have full age at twenty-one years, whether the person be a man or woman. See Age.

FUNDING A TRUST

The transfer of the ownership of property to a trust.

FULL COURT

When all the judges are present and properly organized, it -is said there is a full court; a court in banc.

FUNDING SYSTEM

Eng. law. The name given to a plan which provides that on the creation of a public loan, funds shall immediately be formed, and secured by law, for the payment of the interest, until the state shall redeem the whole, and also for the gradual redemption of the capital itself. This gradual redemption of the [...]

FULL DEFENCE

pleading. A denial of all wrong or injury. It is expressed in the following formula: And the said C D, (the defendant,) by E F, his attorney, comes, and defends the wrong or injury, (or force and injury,) when and where it shall behoove him, and the damages and whatsoever else he ought to defend.”

FUNDS

Cash on hands; as, A B is in funds to pay my bill on him; stocks, as, A B has $1000 in the funds. By public funds is understood, the taxes, customs, &c . appropriated by the, government for the discharge of its obligations.

FULL DISCLOSURE

The necessity of providing a complete disclosure of information that does not omit anything essential or important, the whole truth. Frequently used in securities law where publicly traded companies must provide full disclosure of information about a business in its financial statements and other releases that would likely and be reasonable for investors to rely [...]

FUNDUS

civil raw. Any portion of land whatever, without considering the use or employ to which it is applied.

FULL FAITH AND CREDIT CLAUSE

The clause in Article IV Section 1 of the U.S. Constitution requiring that courts and other judicial agencies in one state respect and enforce legal decisions and awards made by the courts and judicial agencies in another state – to give full faith and credit to judgments issued in foreign states.