48 CFR Part 51 – Use of Government Sources by Contractors
Current as of: 2024 | Check for updates
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Other versions
| § 51.000 | Scope of part |
| Subpart 51.1 | Contractor Use of Government Supply Sources |
| Subpart 51.2 | Contractor Use of Interagency Fleet Management System (Ifms) |
Terms Used In 48 CFR Part 51 - Use of Government Sources by Contractors
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- 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.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- 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.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.