| FINANCIAL
SUPPLIES (GST) |
|
Items set out in the GST legislation, such as money, stock exchange
type securities, life insurance and health insurance, but not
general insurance. |
|
| FEE
SIMPLE |
|
Land held in fee simple is freehold land, with its proprietor
having virtually absolute ownership (subject to the payment
of various annual rates and taxes), although the possibility
of compulsory acquisition by a government or by a government
agency always exists.
|
|
| FHOS |
|
First Home Owners' Scheme. |
|
| FIRB |
|
Foreign Investment Review Board |
|
| FIRST
MORTGAGE |
|
A
charge on land by way of a mortgage which ranks ahead of other
mortgages. |
|
| FITTINGS |
|
Items
which can be removed from a property without causing damage
to it or them (contrast "fixtures").
|
|
| FIXED
RATE LOANS |
|
Loans
with the interest rate fixed for the entire duration of the
loan. |
|
| FIXTURES |
|
Items
which cannot be removed from a property without causing damage
to it or them (contrast "fittings"). |
|
| FLOATING
RATE LOANS
|
|
Loans
with the interest rate made subject to periodical changes (up
or down) in line with market changes or according to some formula.
|
|
| FREEHOLD
|
|
See
"fee simple" and "leasehold". |
|
