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failed devise.See lapsed devise under DEVISE.[Blacks Law 8th]

fail,n. A transaction between securities brokers in which delivery and payment do not occur at the prescribed time, usu. on the settlement date. — Also termed fail contract. fail to deliver.The nondelivery of securities from a selling broker to a buying broker by the settlement date. fail to receive.The failure of a buying broker to…

faggot.Hist. 1. A piece of firewood used to burn a heretic alive. 2. An embroidered figure of a faggot, required to be worn by heretics who had recanted.[Blacks Law 8th]

faeder-feoh (fah-th<<schwa>>r-fee).Hist. Property brought by a wife to her husband at marriage. • If the husband died, the property reverted to the widow if the heir of the deceased husband refused consent to her second marriage. The property reverted to the widow’s family if she returned to them.[Blacks Law 8th]

faderfium (fah-th<<schwa>>r-fee-<<schwa>>m).Hist. A marriage gift to the bride from her father or brother.[Blacks Law 8th]

Faculty of Advocates.Scots law. The society comprising the members of the Scottish bar. • Unlike the English bar, the advocates do not have chambers, but all share the facilities of Advocates’ Library in Parliament House.[Blacks Law 8th]

Faculties, Master of the.See MASTER OF THE FACULTIES.[Blacks Law 8th]

Faculties, Court of.See COURT OF FACULTIES.[Blacks Law 8th]

faculties.Hist. Eccles. law. 1. An authorization granted to a person to do what otherwise would not be allowed. 2. The extent of a husband’s estate; esp., the ability to pay alimony. See ALLEGATION OF FACULTIES.[Blacks Law 8th]

facultative reinsurance.See REINSURANCE.[Blacks Law 8th]