Terms Used In 31 CFR Part 375 - Marketable Treasury Securities Redemption Operations

• Act: means the Foreign-Trade Zones Act of June 18, 1934, as amended (48 Stat. See 19 CFR 146.1
• Activation: means approval by the grantee and port director for operations and for the admission and handling of merchandise in zone status. See 19 CFR 146.1
• Admit: means to bring merchandise into a zone with zone status. See 19 CFR 146.1
• Alteration: means a change in the boundaries of an activated zone or subzone; activation of a separate site of an already-activated zone or subzone with the same operator at the same port; or the relocation of an already-activated site with the same operator. See 19 CFR 146.1
• Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
• Contract: A legal written agreement that becomes binding when signed.
• Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
• Deactivation: means voluntary discontinuation of the activation of an entire zone or subzone by the grantee or operator. See 19 CFR 146.1
• Devise: To gift property by will.
• Duties: means Customs duties and any internal revenue taxes which attach upon importation. See 19 CFR 101.1
• Federal Reserve System: The central bank of the United States. The Fed, as it is commonly called, regulates the U.S. monetary and financial system. The Federal Reserve System is composed of a central governmental agency in Washington, D.C. (the Board of Governors) and twelve regional Federal Reserve Banks in major cities throughout the United States. ^{Source: OCC}
• Fraud: Intentional deception resulting in injury to another.
• Fungible merchandise: means merchandise which for commercial purposes is identical and interchangeable in all situations. See 19 CFR 146.1
• Importer: means the person primarily liable for the payment of any duties on the merchandise, or an authorized agent acting on his behalf. See 19 CFR 101.1
• Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
• Merchandise: includes goods, wares and chattels of every description, except prohibited merchandise. See 19 CFR 146.1
• 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.
• Operator: is a corporation, partnership, or person that operates a zone or subzone under the terms of an agreement with the zone grantee. See 19 CFR 146.1
• Personal property: All property that is not real property.
• physical or mental impairment: includes , but is not limited to, such diseases and conditions as orthopedic, visual, speech, and hearing impairments, cerebral palsy, epilepsy, muscular dystrophy, multiple sclerosis, cancer, heart disease, diabetes, mental retardation, emotional illness, and drug addiction and alocoholism. See 45 CFR 2104.103
• port director: means the director of that port of entry. See 19 CFR 146.1
• Reactivation: means a resumption of the activated status of an entire area that was previously deactivated without any change in the operator or the area boundaries. See 19 CFR 146.1
• 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.
• Statute: A law passed by a legislature.
• Testimony: Evidence presented orally by witnesses during trials or before grand juries.
• Transfer: means to take merchandise with zone status from a zone for consumption, transportation, exportation, warehousing, cartage or lighterage, vessel supplies and equipment, admission to another zone, and like purposes. See 19 CFR 146.1
• Unique identifier: means the numbers, letters, or combination of numbers and letters that identify merchandise admitted to a zone with zone status. See 19 CFR 146.1
• User: means a person or firm using a zone or subzone for storage, handling, or processing of merchandise. See 19 CFR 146.1
• Zone lot: means a collection of merchandise maintained under an inventory control method based on specific identification of merchandise admitted to a zone by lot. See 19 CFR 146.1
• Zone site: means the physical location of a zone or subzone. See 19 CFR 146.1
• Zone status: means the status of merchandise admitted to a zone, i. See 19 CFR 146.1