CFR > Title 12 > Chapter VI > Subchapter B > Part 609 > Subpart B – Interpretations and Definitions
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| § 609.920 | Interpretations |
| § 609.925 | Definitions |
Terms Used In CFR > Title 12 > Chapter VI > Subchapter B > Part 609 > Subpart B - Interpretations and Definitions
- 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.
- 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.
- 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.