The letter "F" in FWORD means the word "far", as in the 32-bit far pointer, which is the main view for the FWORD type. The 32-bit far pointer has a 32-bit offset in the first 4 bytes and a 16-bit selector in the last two bytes.
Usually, there is usually not much for 32-bit far pointers, since most 32-bit operating systems provide access to all 32-bit 4G address spaces through all selectors. You can see that they are used in low-level operating system code to switch code segments, since the CS selector determines the privilege level executed by the code, and whether the code executes in 16-bit, 32-bit, or 64-bit mode.
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