CFR > Title 31 > Subtitle B > Chapter V > Part 561 > Subpart G – Penalties
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Other versions
§ 561.701 | Penalties |
§ 561.702 | Pre-Penalty Notice; settlement |
§ 561.703 | Penalty imposition |
§ 561.704 | Administrative collection; referral to United States Department of Justice |
Terms Used In CFR > Title 31 > Subtitle B > Chapter V > Part 561 > Subpart G - Penalties
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Conviction: A judgement of guilt against a criminal defendant.
- 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.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- 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.
- Trial: A hearing that takes place when the defendant pleads "not guilty" and witnesses are required to come to court to give evidence.