TFP means "Time for Prints". TFP sessions are unpaid: the model poses for free (offers her/his "Time") and the photographer shoots for free and delivers a certain amount of "Prints" to the model. Photographer and model discuss the results together and decide whether the photos can be used for their portfolio, website, etc. This will be stipulated in a contract.
With TFCD, the photos will be delivered on CD, in printing quality.