Free Carrier. In international commerce, an agreement between a seller and a buyer indicating that the seller has fulfilled his/her obligation to deliver a good when he/she has transferred it to the port, airport, or other place from which it will be transported.
Definition of UNIT FRACTION. : a fraction whose numerator is unity and whose denominator is an integer.
Princeton's WordNet(2.00 / 4 votes)Rate this definition: 1  fraction(noun) a component of a mixture that has been separated by a fractional process. 2  fraction(noun) a small part or item forming a piece of a whole. 3  fraction(verb) the quotient of two rational numbers. 4  divide, fraction(verb) perform a division.