CFR > Title 27 > Chapter I > Subchapter A > Part 13 > Subpart B – Definitions
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| § 13.11 | Meaning of terms |
Terms Used In CFR > Title 27 > Chapter I > Subchapter A > Part 13 > Subpart B - Definitions
- 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.
- 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.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- State: includes a Territory and the District of Columbia; and the term "Territory" means the Commonwealth of Puerto Rico. See 27 CFR 13.11
- Territory: means the Commonwealth of Puerto Rico. See 27 CFR 13.11
- Trustee: A person or institution holding and administering property in trust.