Terms Used In 34 CFR Part 401 - Native American Career and Technical Education Program

• Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
• 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.
• Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
• Oral argument: An opportunity for lawyers to summarize their position before the court and also to answer the judges' questions.
• Testimony: Evidence presented orally by witnesses during trials or before grand juries.