CFR > Title 17 > Chapter II > Part 242 > Regulation SCI – Systems Compliance and Integrity
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Terms Used In CFR > Title 17 > Chapter II > Part 242 > Regulation SCI - Systems Compliance and Integrity
- Contract: A legal written agreement that becomes binding when signed.
- 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.
- 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.
