§ 2424.300 What must I do before I enter into a covered transaction with another person at the next lower tier (HUD supplement to governmentwide definition at 2 CFR 180.300)?
§ 2424.332 What methods must I use to pass requirements down to participants at lower tiers with whom I intend to do business?

Terms Used In CFR > Title 2 > Subtitle B > Chapter XXIV > Part 2424 > Subpart C - Responsibilities of Participants Regarding Transactions

  • Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
  • Contract: A legal written agreement that becomes binding when signed.
  • Statute: A law passed by a legislature.
  • Trustee: A person or institution holding and administering property in trust.