48 CFR Part 1850 – Extraordinary Contractual Actions and the Safety Act
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Subpart 1850.1 | Extraordinary Contractual Actions |
Terms Used In 48 CFR Part 1850 - Extraordinary Contractual Actions and the Safety Act
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Contract: A legal written agreement that becomes binding when signed.
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Indemnification: In general, a collateral contract or assurance under which one person agrees to secure another person against either anticipated financial losses or potential adverse legal consequences. Source: FDIC