Subpart 109-45.1 General
Subpart 109-45.3 Sale of Personal Property
Subpart 109-45.9 Abandonment or Destruction of Personal Property
Subpart 109-45.10 Recovery of Precious Metals
Subpart 109-45.47 Reports
Subpart 109-45.50 Excess and Surplus Radioactively and Chemically Contaminated Personal Property
Subpart 109-45.51 Disposal of Excess and Surplus Personal Property in Foreign Areas

Terms Used In 41 CFR Part 109-45 - Sale, Abandonment, or Destruction of Personal Property

  • 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.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • 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.
  • Personal property: All property that is not real property.