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F

FIAT

by Law Professor

(Latin: "Let it be done.") In English practice. A short order or warrant of a judge or magistrate directing some act to be done; an authority issuing from some competent source for the doing of some legal act. One of the proceedings in the English bankrupt practice, being a power, signed by the lord chancellor, addressed to the court of bankruptcy, authorizing the petitioning … [Read more...] about FIAT

FIDEI-COMMISSARY

by Law Professor

civil law. One who has a beneficial interest in an estate, which, for a time, is committed to the faith or trust of another. This term has nearly, the same meaning as cestui que trust has in our law. 2 Bouv. Inst. n. 1895, note. … [Read more...] about FIDEI-COMMISSARY

FICA

by Law Professor

Federal Insurance Contributions Act; A payroll tax for Social Security and Medicare based upon the employee's earnings. … [Read more...] about FICA

FIDEI-COMMISSUM

by Law Professor

In the civil law. A species of trust; being a gift of property (usually by will) to a person, accompanied by a request or direction of the donor that the recipient will transfer the property to another, the latter being a person not capable of taking directly under the will or gift. … [Read more...] about FIDEI-COMMISSUM

FICO

by Law Professor

Fair Isaac Corporation; the largest company that provides credit scoring for the determination of creditworthiness. … [Read more...] about FICO

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