The Bureau of Industry and Security (BIS) controls the export of commodities and related technology whose widespread release could compromise U.S. national security. The Entity List is found in Supplement No. 4 to part 744 of the Export...
commercial law
espionage
Espionage is the crime of spying or secretly watching a person, company, government, etc. for the purpose of gathering secret information or detecting wrongdoing, and to transfer such information to another organization or state. The act of...
exclusive license
Exclusive license allows a licensor to share intellectual property with a licensee for a specific period of time that usually binds the licensor to not share the property with anyone else. Normally, the license is unique to a certain area or...
Export Control Classification Number (ECCN)
Export Control Classification Number (ECCN) is an alphanumeric code used by the Bureau of Industry and Security (BIS) to determine whether goods set for export outside of the United States fall under the Export Administration Regulations (EAR...
extended warranty contracts
Extended warranty contracts are additional warranties bought for an item or service to add additional coverage for the purchased goods. The warranty usually extends the time of coverage, but an extended warranty may also be bought to expand...
face amount
Face amount refers to what the words or numbers on the printed page of a financial instrument literally say. Often used in the context of life insurance, the face amount refers to the stated amount of money payable to the deceased’s...
face value
Face value refers to the stated value of a security at the time of issuance. Face value can be applied to many things, like currency, but is usually used regarding stocks and bonds. For bonds, the face value is the same thing as par value:...
factoring
Factoring is a type of financing agreement where a creditor buys the rights to or the credit risk of a company’s accounts receivable. Instead of getting a loan from a bank, a company may sell their accounts receivable to a creditor for a fee...
Fair Debt Collection Practices Act
Background
A creditor may seek to collect an outstanding debt in several ways. However, because of “abundant evidence of the use of abusive, deceptive, and unfair debt collection practices by many debt collectors,” (15 U.S.C. § 1692)...
Fair Debt Collection Practices Act (FDCPA)
The Fair Debt Collection Practices Act (FDCPA) restrains hired debt collectors in how they go after debt. Debt collectors are prevented from harassing consumers with outstanding debt, and they can only contact consumers within 8 AM to 9 PM...