CFR > Title 31 > Subtitle B > Chapter V > Part 583 > Subpart A – Relation of This Part to Other Laws and Regulations

Current as of: 2024 | Check for updates | Other versions


§ 583.101	Relation of this part to other laws and regulations

Terms Used In CFR > Title 31 > Subtitle B > Chapter V > Part 583 > Subpart A - Relation of This Part to Other Laws and Regulations

Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
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.