The English equivalent of the Latin phrase "plene administravit;" being a plea by an executor or administrator that he. has completely and legally disposed of all the assets of the estate, and has nothing left out of which a new claim could be satisfied. See Ryans v. Boogher, 169 Mo. 673, 69 S. W. 1048. … [Read more...]
FUNDING A TRUST
The transfer of the ownership of property to a trust. … [Read more...]
FULLY DEPRECIATED
When an asset has been fully expended for purposes of accounting, where all depreciation has been taken. … [Read more...]
FUMAGE
In old English law. The same as fuage, or smoke farthings. 1 Bl. Comm. 324. See FUAGE. … [Read more...]
FUNCTION
Office; duty; fulfillment of a definite end or set of ends by the correct adjustment of means. The occupation of an office. By the performance of its duties, the officer is said to fill his function. Dig. 32, 65, 1. See State v. Hyde, 121 Ind. 20, 22 N. E. 644. … [Read more...]