Glossary

Foreign voluntary workers compensation coverage is needed if the insured employs workers outside the United States or maintains a physical location in another country.

Forgery or alteration coverage insures against loss due to forgery (signing the name of another with intent to deceive) or alteration of the insured's checks, bank drafts, and other financial instruments drawn against the insured's bank account.

A form is a document prepared in a prescribed arrangement of words and layout.

Formularies in workers compensation have the goal of ensuring injured workers are given the most appropriate medications for their conditions at the right dosage.

A fortuitous event is one subject to chance without the implication of suddenness.

A forum is a court or place of jurisdiction where a lawsuit is filed or in which a hearing or trial is conducted.

A forum selection clause is a contractual provision in which the parties establish the place of jurisdiction (such as the court or judicial body) for any litigation between them arising under the contract.

Forum shopping is a term used to describe a search by legal counsel for the best venue or jurisdiction for a particular lawsuit.

A forward is an agreement (other than a future) to make or take delivery in the future of one or more underlying interests, or effect a cash settlement, based on the actual or expected price, level, performance, or value of such underlying interests.

A forward contract is an options contract that permits a seller to fix the price of a commodity to be sold on a future date.