FULLY PAID FACE-AMOUNT CERTIFICATE

fully paid face-amount certificate.See face-amount certificate (2) under STOCK CERTIFICATE . FUNCTION function,n.1. Activity that is appropriate to a particular business or profession <a court’s function is to administer justice>.2. Office; duty; the occupation of an office <presidential function>. [Cases: Officers and Public Employees 110. C.J.S. Officers and Public Employees §§ 234–245.][Blacks Law 8th]

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FULLY FUNDED

fully funded,adj.1. Having sufficient financial resources to meet current payments, even upon bankruptcy <the company’s pension plan was fully funded>.2. Having completely satisfied a funding requirement; paid <the construction loan was fully funded>. — Also termed funded.[Blacks Law 8th]

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FULLY ADMINISTERED

fully administered.A plea by an executor or administrator that he or she has completely and legally disposed of all the assets of the estate and that the estate has no remaining assets from which a new claim could be satisfied.[Blacks Law 8th]

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