Outrageously Funny Word Dictionary :: Foregone

👉 Foregneness is a legal concept that refers to a person or entity not having any rights, privileges, or entitlements in relation to another person or entity. In other words, it means being without any legal standing or authority over someone else's property or actions. This can be due to various reasons such as lack of jurisdiction, inability to pay for services provided by the other party, or a violation of contract terms.

foregoneness

👉 In finance, a "foregone" or "unprofitable" purchase is one where an investor has made a decision to make a purchase but ends up not making it. This can happen for a variety of reasons such as lack of demand, supply chain issues, poor market conditions, etc. The term comes from the French word "garantir," which means to guarantee or promise something in the future.

foregone