Law Dictionary Definitions

fast land.See LAND.[Blacks Law 8th]

fast estate.See real property under PROPERTY.[Blacks Law 8th]

FASB statement.An official pronouncement from the Financial Accounting Standards Board establishing a given financial-accounting practice as acceptable. [Cases: Accountants 3.1.][Blacks Law 8th]

FASB (faz-bee).abbr.FINANCIAL ACCOUNTING STANDARDS BOARD.[Blacks Law 8th]

FAS.abbr.1.FREE ALONGSIDE SHIP. 2.FETAL ALCOHOL SYNDROME. 3.FOREIGN AGRICULTURAL SERVICE . fas (fas), n.[Latin] Roman law. 1. Moral law of divine origin; divine law. • Jus, by contrast, is created by man. See JUS. 2. What is right, proper, lawful, and permitted. Cf. NEFAS. “The first element to be noted in the Roman composite existing in…

farvand (fahr-v<<schwa>>nd).Hist. Maritime law. Voyage or passage by water under a charterparty.[Blacks Law 8th]

farthing of land (fahr-thing).Hist. An area of land measured as one-quarter of a larger area (much as a farthing was one-quarter of a penny). • A farthing of land ranged from a quarter of a hide to a quarter of an acre.[Blacks Law 8th]

Farm Service Agency.An agency in the U.S. Department of Agriculture responsible for administering farm-commodity, crop-insurance, and resource-conservation programs for farmers and ranchers and for making or guaranteeing farm emergency and operating loans through a network of state and county offices. — Abbr. FSA.[Blacks Law 8th]

farm products.Crops, livestock, and supplies used or produced in farming or products of crops or livestock in their unmanufactured states, if they are in the possession of a debtor engaged in farming. UCC § 9-102(a)(34). Cf. growing crops under CROPS. [Cases: Secured Transactions C.J.S. Secured Transactions § 16.][Blacks Law 8th]

farmoutor (fahrm-ow-tor or -t<<schwa>>r). An oil-and-gas lessee who assigns the lease to another, who agrees to drill a well. — Also spelled farmouter. — Also termed farmor; farminor. [Cases: Mines and Minerals 74(8).C.J.S. Mines and Minerals §§ 318–319.][Blacks Law 8th]