Final answer:
The name for the compound IF₇ is iodine heptafluoride, which is a molecular compound indicating one iodine atom and seven fluorine atoms.
Step-by-step explanation:
The compound with the chemical formula IF₇ is named iodine heptafluoride. It is a molecular compound, and according to the naming conventions for such compounds, the prefixes are used to indicate the number of atoms of each element present in the compound. The prefix 'hepta-' signifies seven, and 'fluoride' is the name of the F- ion. Hence, with one iodine atom and seven fluorine atoms, the name of the compound is iodine heptafluoride.