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F |
| Fair Trading |
Office of Fair Trading and Business Affairs, an office of the Department of Justice in Victoria and in New South Wales. It is known by other names in other states: Consumer Affairs in Queensland, Northern Territory and the Australian Capital Territory; the
Ministry of Fair Trade in Western Australia; Consumer Affairs and Fair Trading in Tasmania; the Consumer and Business Affairs in South Australia. |
| FID |
Financial Institutions Duty is the state duty on the receipts of financial institutions. |
| fittings |
Items that can be removed from a property without causing damage to it. |
| fiduciary |
A person who essentially acts as a trustee. Real estate agents and salespersons are considered by law to be fiduciaries. As such they have a duty to act primarily for the benefit of the person who employed them and not their own. |
| fixed interest |
An interest rate set for an agreed term. |
| fixed rate mortgage |
A mortgage in which the interest rate does not change during the term of the loan. |
| fixtures |
Fixed items that cannot be removed without damaging either the property or the fixture itself such as cupboards. |
| footing |
The footing supports the building on its foundation. |
| foreclosure |
The legal process by which a borrower in default under a mortgage is deprived of his or her interest in the mortgaged property. |
| frozen account |
An account in which all transactions have been suspended. |
