CFR > Title 21 > Chapter I > Subchapter J > Part 1000 > Subpart A – General Provisions
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§ 1000.1 | General |
§ 1000.3 | Definitions |
Terms Used In CFR > Title 21 > Chapter I > Subchapter J > Part 1000 > Subpart A - General Provisions
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Contract: A legal written agreement that becomes binding when signed.
- Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
- 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
- Personal property: All property that is not real property.
- Public law: A public bill or joint resolution that has passed both chambers and been enacted into law. Public laws have general applicability nationwide.