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Of or pertaining to the system of rules which a particular country or community recognizes as regulating the actions of its members and which it may enforce by the imposition of penalties.

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Law > Contracts

financial obligation

Law; Contracts

An obligation to pay money to another party. The obligation may arise from borrowing funds or from a legal action. also called liability.

filing deadline

Law; Contracts

The date paperwork must be completed and filed. The most common use of the term applies to the date when tax returns must be filed with the IRS.

financial guarantee

Law; Contracts

Non-cancelable indemnity bond that guarantees timely payment of interest and repayment of principal to the buyers (holders) of a debt security. Similar to under a standby letter ...

field report

Law; Contracts

Formal report compiled and communicated by field engineers or other onsite personnel for off-site personnel.

field order

Law; Contracts

Written instructions for making a minor change in a contract not involving an adjustment to the contract amount or any change in the its completion time.

feasibility study

Law; Contracts

An analysis and evaluation of a proposed project to determine if it (1) is technically feasible, (2) is feasible within the estimated cost, and (3) will be profitable. Feasibility ...


Law; Contracts

A payment made to a professional person or to a professional or public body in exchange for advice or services.