§ 3.30 Policy

Terms Used In CFR > Title 31 > Subtitle A > Part 3 > Subpart C - Indemnification of Department of Treasury Employees

  • Indemnification: In general, a collateral contract or assurance under which one person agrees to secure another person against either anticipated financial losses or potential adverse legal consequences. Source: FDIC
  • Service of process: The service of writs or summonses to the appropriate party.
  • 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.
  • Statute: A law passed by a legislature.
  • Verdict: The decision of a petit jury or a judge.