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 faith in the representation of any employees in the unit.

 

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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

Fairing: An added streamlining structure or auxiliary member, most often of light metal, whose only purpose is to reduce drag. Fairings are not load-bearing and, therefore, are not meant to carry any . . . View Full Definition

Fairness Opinion: A set of requirements for a plan of reorganization to be approved by the bankruptcy court.

Fairway Bunker: A sand or deep grass hazard situated in, or adjacent to, the fairway

Fair-And-Equitable Test: In the context of futures, the equilibrium price for futures contracts. Also called the theoretical futures price, which equals the spot price continuously compounded at the cost of carry ra . . . View Full Definition

Fairway: The closely mown area between the tee and green

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

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.