Statistical Terms Glossary

Is software that is liberally licensed to grant the right of users to use, study, change, and improve its design through the availability of its source code. This approach has gained both momentum and acceptance as the potential benefits have been increasingly recognized by both individuals and corporate players.

A loan which does not exceed the amount above which on lending is subject to Bank approval.

The limit on a free-limit loan.

A free market economy is one where scarcities are resolved through changes in relative prices rather than through regulation. If a commodity is in short supply relative to the number of people who want to buy it, its price will rise, producers and sellers will make higher profits and production will tend to rise to meet the excess demand. If the available supply of a commodity is in a glut situation, the price will tend to fall, thereby attracting additional buyers and discouraging producers and sellers from entering the market. In a free market, buyers and sellers come together voluntarily to decide on what products to produce and sell and buy, and how resources such as labour and capital should be used.

A casual term used to infer that a country which does not make any trade concessions, profits, nonetheless, from tariff cuts and concessions made by other countries in negotiations under the most-favoured-nation principle.

Free riding occurs when one firm (or individual) benefits from the actions and efforts of another without paying or sharing the costs.
For example, a retail store may initially choose to incur costs of training its staff to demonstrate to potential customers how a particular kitchen appliance works. It may do so in order to expand its sales. However, the customers may later choose to buy the product from another retailer selling at a lower price because its business strategy is not to incur these training and demonstration costs.
This second retailer is viewed as "free riding" on the efforts and the costs incurred by the first retailer. If such a situation persists, the first retailer will not have the incentive to continue

Bunch and to coordinate competences provided by various local, national and international enterprises and institutions, which are highly specialized in the Free Software area.

Free trade occurs when goods and services can be bought and sold between countries or sub-national regions without tariffs, quotas or other restrictions being applied.

A free trade area is a grouping of countries within which tariffs and non-tariff trade barriers between the members are generally abolished but with no common trade policy toward non-members. The North American Free Trade Area (NAFTA) and the European Free Trade Association (EFTA) are examples of free trade areas.

Water free to rise and fall according to hydraulic gradients.

Freedom of association and the right to organize are fundamental principles aiming at the free exercise of the right of workers and employers, without any distinction, to associate for the purpose of furthering and defending their interests.
Workers and employers have the right to establish and join organizations of their own choosing. Such organizations must have the right:
(a) to draw up their own constitutions and rules;
(b) to elect their representatives in full freedom;
(c) to organize their administration and activities, and formulate their programmes;(d) not to be dissolved or suspended by administrative authority;
(e) to form and join federations and confederations.
Workers should be protected from anti-union discrimination. In particular, they should be protected against refusal to employ them because of their union membership or participation in trade union activities. Also, workers’ and employers’ organizations should enjoy protection against acts of interference by each other that are designed to promote domination, financing or control.

A freezer aboard which the fish is preserved by freezing. Such a vessel is fitted with refrigerating equipment and fish freezing equipment, and the fish holds are insulated and refrigerated. Most distant- water trawlers are freezer trawlers.

The opposite of increasing fishing capacity, actually stopping fishing capacity.

Any property carried on an aircraft other than mail, stores and baggage.

Tonne-kilometres performed expressed as a percentage of tonne-kilometres offered.

Any freight loaded onto or unloaded from an aircraft .

All freight on board an aircraft upon landing at an airport and at take-off from an airport

A Tonne-kilometre is a metric tonne of freight revenue load carried one kilometre. Tonne-kilometres performed is obtained by multiplying the total number of tonnes of freight revenue load carried on the flight stage by the airport-to-airport distance.

A Tonne-kilometre is a metric tonne of freight revenue load carried one kilometre. Tonne-kilometres performed is obtained by multiplying the total number of tonnes of freight revenue load carried between two airports as initial origin and final destination by airport-to-airport distance.

A vehicle designed for the road, exclusively or mainly to transport goods of all kinds of light and heavy compared for a fare.

All kinds of trucks, small and large works in public transport of goods in return for payment, not including owned for establishments.

Railway vehicle normally intended for the transport of goods.

Amplitude changes of the modulating signal are used to vary the instantaneous frequency of the carrier wave from its unmodulated value.