Forced Sale

A Forced Sale is the auctioning of a debtor’s assets (including property) by its creditors, upon obtaining a civil court order to the effect, and dividing the profits. Opposite of Orderly Sale. Also called Forced Liquidation.

Foreclosure

Foreclosure is when someone is unable to make repayments on their mortgage and the lender has a right to seize the property from its owner. If the property owner is then able to make repayments they have a right to live in the property again.

Foreclosure Order

Foreclosure Order or Repossession Order is an court order transferring the ownership of a property from the borrower to the bank or lender beacause the borrower has been upable to keep up with the mortgage repayments.

Forgery

Forgery is the crime of falsely making or altering a writing by which the legal rights or obligations of another person are apparently affected; simulated signing of another person’s name to any such writing whether or not it is also the forger’s name.

Fostering

Fostering is when a child without parental support and protection, is placed with a person or family to be cared for, usually by local authority social services or by court order.

Franchise

A Franchise is an authorisation granted by a government or company to an individual or group enabling them to carry out specified commercial activities, for example acting as an agent for a company’s products.

Franchising

Franchising is the contractual selling or renting of a business model around specific products and/or services at specific locations under specific arrangements. The franchiser contractually gives the franchisee use of a brand name or trademark or trade-name, and certain business systems and processes. The process are how to specifically produce and market franchise goods or…