Law Dictionary Definitions

functional feature.Trademarks. A design element that is either physically necessary to construct an article or commercially necessary to manufacture and sell it; a product’s attribute that is essential to its use, necessary for its proper and successful operation, and utilitarian rather than ornamental in every detail. • A functional feature is not eligible for trademark…

functional disease.See DISEASE.[Blacks Law 8th]

functional discount.See DISCOUNT.[Blacks Law 8th]

functional depreciation.See DEPRECIATION.[Blacks Law 8th]

functional analog.See ANALOG.[Blacks Law 8th]

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]

fully met.See ANTICIPATED.[Blacks Law 8th]

fully managed fund.See MUTUAL FUND.[Blacks Law 8th]

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]

fully diluted earnings per share.See EARNINGS PER SHARE.[Blacks Law 8th]