Terms Used In CFR > Title 15 > Subtitle B > Chapter IX > Subchapter H > Part 998 > Subpart A - Administrative

• 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}
• 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.