> It does not mean it is free and open-source (FOSS).
When the campaign to describe software as "open source" kicked off in 1998, it consciously choose the Debian Free Software Guidelines (DFSG) as the basis for the Open Source Definition (OSD), so that "open source" would refer to the same thing as "free software".
Clearly the connotations of the two terms have diverged quite a lot, but their denotations weren't meant to.