| English | Icelandic |
| European Free Trade Association | Fríverslunarsamtök Evrópu (A group of European countries/regions (including Iceland, Liechtenstein, Norway, and Switzerland) that have agreed to free trade among themselves) |
| free/busy status | viðverustaða (Information regarding the availability of a user) |
| free/busy time | viðvera (In Calendar, time status and user defined labels are indicated by colors and patterns) |
| Free On Board | Frítt um borð (A shipping method that establishes the point at which ownership of goods passes to the buyer. The FOB can establish ownership when an item is damaged in transit) |
| macro-free | fjölvalaus (Pertaining to a file format that does not allow for VBA code. Office 12 default file formats are macro-free. Examples of file extensions for macro-free formats are .docx, .pptx, .xlsx) |
| Top free | Efstu ókeypis (The category of the top apps and similar items that are free at any point in time) |
