CFR > Title 29 > Subtitle B > Chapter XL > Subchapter I > Part 4204 > Subpart B – Variance of the Statutory Requirements
Current as of: 2024 | Check for updates
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Other versions
| § 4204.11 | Variance of the bond/escrow and sale-contract requirements |
| § 4204.12 | De minimis transactions |
| § 4204.13 | Net income and net tangible assets tests |
Terms Used In CFR > Title 29 > Subtitle B > Chapter XL > Subchapter I > Part 4204 > Subpart B - Variance of the Statutory Requirements
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Escrow: Money given to a third party to be held for payment until certain conditions are met.
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- 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.