§ 641.100 What does this part cover?
§ 641.110 What is the SCSEP?
§ 641.120 What are the purposes of the SCSEP?
§ 641.130 What is the scope of this part?
§ 641.140 What definitions apply to this part?
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Terms Used In CFR > Title 20 > Chapter V > Part 641 > Subpart A - Purpose and Definitions

  • Amortization: Paying off a loan by regular installments.
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • Public law: A public bill or joint resolution that has passed both chambers and been enacted into law. Public laws have general applicability nationwide.
  • 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.