CFR > Title 25 > Chapter I > Subchapter H > Part 162 > Subpart C > Bonding and Insurance
Current as of: 2024 | Check for updates
|
Other versions
§ 162.334 | Is a performance bond required for a residential lease document? |
§ 162.335 | Is insurance required for a residential lease document? |
Terms Used In CFR > Title 25 > Chapter I > Subchapter H > Part 162 > Subpart C > Bonding and Insurance
- 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.
- Guarantor: A party who agrees to be responsible for the payment of another party's debts should that party default. Source: OCC
- 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
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- 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.
- Oversight: Committee review of the activities of a Federal agency or program.
- 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.