Fair Catch: When a kick returner decides only to catch a punt or kickoff and not advance it, protecting himself from being hit by an opponent; he signals for a fair catch by raising one hand in the air and waving it.

 

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Fair Catch: When a kick returner decides only to catch a punt or kickoff and not advance it, protecting himself from being hit by an opponent; he signals for a fair catch by raising one hand in the air . . . View Full Definition

Fair Territory: Part of the playing field within, and including the first base and third base lines, from home base to the bottom of the playing field fence and perpendicular upwards. All foul lines are in . . . View Full Definition

Fair Traded Coffee: Coffee that has been purchased from farmers (usually peasant farmers) at a 'fair' price as defined by international agencies. The extra paid these farmers under fair trade arrangements is ex . . . View Full Definition

Fair Use: The stated exceptions of allowed usage of work under copyright without requiring permission of the original copyright holder. Fair use is covered in section 107 of the Copyright code.

Fair Zone: Portion of lane between the FOUL-LINE and the LOB-LINE.

Fair Value: The rate of return that state governments allow a public utility to earn on its investments and expenditures. Utilities then use these profits to pay investors and provide service upgrades t . . . View Full Definition

Fair Representation: This term means that a trade union, so long as it continues to be entitled to represent employees in a bargaining unit, may not act in a manner that is arbitrary, discriminatory or in bad fa . . . View Full Definition

Fair Rate Of Return: The equilibrium price for futures contracts. Also called the theoretical futures price, which equals the spot price continuously compounded at the cost of carry rate for some time interval.

Fair Labor Standards Act (FLSA) Of 1938: An act that covers public agencies and businesses engaged in interstate commerce or providing goods and services for commerce. The FLSA provides guidelines on employment status, child labor, . . . View Full Definition

Fair Information Practices: A set of standards developed in the early 1970s to describe how information should be used and protected: usually stated as eight principles in this country and including openness, individua . . . View Full Definition