CFR > Title 25 > Chapter I > Subchapter H > Part 162 > Subpart E > WEEL Monetary Compensation Requirements
Current as of: 2024 | Check for updates
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Other versions
| § 162.523 | How much compensation must be paid under a WEEL? |
| § 162.524 | Will BIA require a valuation for a WEEL? |
Terms Used In CFR > Title 25 > Chapter I > Subchapter H > Part 162 > Subpart E > WEEL Monetary Compensation Requirements
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Contract: A legal written agreement that becomes binding when signed.
- Docket: A log containing brief entries of court proceedings.
- 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
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- 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.
- 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.