CFR > Title 31 > Subtitle B > Chapter X > Part 1020 > Subpart F – Special Standards of Diligence; Prohibitions; and Special Measures
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In CFR > Title 31 > Subtitle B > Chapter X > Part 1020 > Subpart F - Special Standards of Diligence; Prohibitions; and Special Measures
- Amortization: Paying off a loan by regular installments.
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Contract: A legal written agreement that becomes binding when signed.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Oversight: Committee review of the activities of a Federal agency or program.
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.