CFR > Title 26 > Chapter I > Subchapter D > Part 49 > Subpart G – Indoor Tanning Services
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§ 49.5000B-1 | Indoor tanning services |
Terms Used In CFR > Title 26 > Chapter I > Subchapter D > Part 49 > Subpart G - Indoor Tanning Services
- 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.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- 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.
- Trial: A hearing that takes place when the defendant pleads "not guilty" and witnesses are required to come to court to give evidence.