Dictionary of Procurement Terms

Welcome to the NIGP Online Dictionary of Procurement Terms, the comprehensive reference for public purchasing terms and concepts.

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Search Results: 931-940 of 2469 results

  • Federal Trade Commission (FTC)

    A five-member committee charged with the responsibility of investigating illegal trade practices and enforcing antitrust laws. (FTC)

  • Federal Trade Commission Act (U.S. Law)

    Passed by the U.S. Congress in 1914, this Act established the Federal Trade Commission as an independent regulatory agency of the Federal Government empowered to enforce the Clayton Antitrust Act and the Robinson-Patman Act.

  • Federation of CANADIAN Municipalities (FCM)

    Promotes a strong, effective, and accountable municipal government.

  • Fee

    1. A sum of money paid for some service. 2. A charge or payment, usually for professional or technical services.

  • FEIN


    See Also: Employer Identification Number (EIN), Federal Employer Identification Number (FEIN)

  • FFE


    See Also: Furniture, Fixtures and Equipment (FFE)

  • FFP


    See Also: Firm Fixed Price (FFP) Contract

  • Fidelity Bond

    Insurance against losses due to the dishonesty of an employee.

  • Fiduciary Duty

    A legal duty to act solely in another party's interests. (Wex Legal Encyclopedia)

  • Fiduciary Funds

    Monies used to account for assets held in a trustee or agency capacity for others and which cannot be used to support the agency’s own programs.

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