free

(redirected from F.o.b.)
Also found in: Dictionary, Thesaurus, Medical, Legal, Financial, Idioms, Wikipedia.

free

1. (of a country, etc.) autonomous or independent
2. (of jazz) totally improvised, with no preset melodic, harmonic, or rhythmic basis
3. Law of property
a. not subject to payment of rent or performance of services; freehold
b. not subject to any burden or charge, such as a mortgage or lien; unencumbered
4. Chem chemically uncombined
5. Logic denoting an occurrence of a variable not bound by a quantifier
6. Nautical (of the wind) blowing from the quarter
Collins Discovery Encyclopedia, 1st edition © HarperCollins Publishers 2005

free

This article is provided by FOLDOC - Free Online Dictionary of Computing (foldoc.org)
References in periodicals archive ?
F.O.B. terms determine when title to goods passes from the seller to the buyer.
As mentioned above, F.O.B. determines when title to the goods passes from seller to buyer, while "freight collect," "freight prepaid," or "freight prepaid and add" indicates who pays the freight charges--the seller, the buyer, or a designated third party.
Because of the practical difficulties associated with collecting or monitoring customer cost information, retailers often adopt simpler pricing plans, namely the Free On Board Origin (F.O.B. origin) and the Uniform Delivered plans.
While a term such as F.O.B. factory freight collect is usually uttered in the same breath, it involves two separate sales transactions.
F.O.B. Origin means that title to the goods passes to the buyer the instant the driver signs for the goods at the point of origin.