CFR > Title 47 > Chapter I > Subchapter D > Part 90 > Subpart U – Competitive Bidding Procedures for 900 Mhz Specialized Mobile Radio Service
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Terms Used In CFR > Title 47 > Chapter I > Subchapter D > Part 90 > Subpart U - Competitive Bidding Procedures for 900 Mhz Specialized Mobile Radio Service
- Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
- 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.
- Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
- Rescission: The cancellation of budget authority previously provided by Congress. The Impoundment Control Act of 1974 specifies that the President may propose to Congress that funds be rescinded. If both Houses have not approved a rescission proposal (by passing legislation) within 45 days of continuous session, any funds being withheld must be made available for obligation.