Autosomal recessive: A genetic condition that appears only in individuals who have received two copies of an autosomal gene, one copy from each parent. The gene is on an autosome, a nonsex chromosome.The parents are carriers who have only one copy of the gene and do not exhibit the trait because the gene is recessive to its normal counterpart gene.If both parents are carriers, there is a 25% chance of a child inheriting both abnormal genes and, consequently, developing the disease.he parents are carriers who have only one copy of the gene and do not exhibit the trait because the gene is recessive to its normal counterpart gene. If both parents are carriers, there is a 25% chance of a child inheriting both abnormal genes and, consequently, developing the disease.
Fixed-Period Installment Option. A settlement option whereby the proceeds are guaranteed to be paid in equal installments for a specified period of time. Proceeds are retained by the insurance company and paid in equal installments over a specified period of months or years. Payments are comprised of both principal and interest.
Also found in: Wikipedia. Fixed Term Lease. A lease binding the parties to each other for a specified period of time, such as a month or a year. That is, the fixed-term lease requires the lessee to make periodic payments and requires the lessor to surrender use of his/her property. A fixed term lease is also called (somewhat misleadingly) a tenancy for years.