What do the initials FROR stand for in Real Estate? Most likely First Right of Refusal, which pertains to a right given to a party to a real estate transaction that allows that party to buy or sell the property in question inâ¦ preference to a third party or the open market.
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Intrusion Prevention System (IPS) Definition - What does Intrusion Prevention System (IPS) mean? An intrusion prevention system (IPS) is a system that monitors a network for malicious activities such as security threats or policy violations. The main function of an IPS is to identify suspicious activity, and then log information, attempt to block the activity, and then finally to report it.