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Factoring |
Loans on receivables.
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| Facultative |
Not compulsory – optional.
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| False assumption |
Wrong idea in a person which has, to a greater or smaller extent, contributed to the person taking a given action such as entering into an agreement.
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| Fidelity insurance |
An insurance company’s guarantee that, for example, an attorney pays contractual obligations. Administrators and trustees must have fidelity insurance.
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| File |
Copies of documents registered on properties. The files of the judicial district are retained at the court registry. Each property has a folder in the land registry’s files. The folder contains the documents registered on the property.
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| Filing cabinet |
The files of the land registry, i.e. the place where documents are stored.
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| Final conveyance |
A conveyance called a final conveyance refers to the fact that all conditions for the transfer have been met and that the buyer has become the owner of the property without reservation.
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| Fire protection |
Improvement of a building to reduce the risk of fire and the risk of a fire spreading rapidly.
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| Fixed price agreement |
Agreement to freeze the price at which a mortgage credit loan is to be paid out.
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| Fixing of dates for court hearings |
Decision fixing the dates and times of court hearings.
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| Flex loan |
Alternative term for an adjustable-rate loan. If other mortgages are to rank after such a loan, the postponement must state that the loan is an adjustable-rate loan.
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| Floorage |
The total area of all storeys used in a property.
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| Force majeure |
An external event which cannot be prevented by human care, skill or foresight, e.g. natural catastrophes.
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| Force of law |
The judgment/order is a binding decision on the case. You cannot just bring a case about the same issue again.
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| Forced sale |
A forced sale of real property is held by the enforcement court while a forced sale of movable property is usually referred to an auctioneer.
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| Forced sale proviso |
Proviso of a mortgage according to which the mortgage debt can be taken over by a buyer at a forced sale. This is conditional upon the buyer complying with the provisions of the conditions of sale concerning payment on the mortgage.
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| Foreseeability |
Foreseeability: the result a reasonable person would foresee as a result of an action.
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| Forest preserve |
Area of land permanently reserved for a forest and to be preserved as a forest, cf. sections 3 and 4 of the Danish Forest Act.
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| Forward covering of the price |
Agreement freezing the price of a mortgage credit loan even though the loan will not be drawn down or redeemed until later.
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| Foundation |
Independent institution, with no group of owners.
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| Franchise |
Agreement between two merchants, A and B, concerning B's marketing of a business concept developed by A.
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| Fraud |
Intentionally making a false representation – possibly by omission – with a view to causing an action.
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