Terms Used In CFR > Title 33 > CHAPTER I > SUBCHAPTER S - BOATING SAFETY

• Amortization: Paying off a loan by regular installments.
• Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
• Baseline: Projection of the receipts, outlays, and other budget amounts that would ensue in the future without any change in existing policy. Baseline projections are used to gauge the extent to which proposed legislation, if enacted into law, would alter current spending and revenue levels.
• cargo-carrying volume: means the total volume in cubic feet, rounded to the nearest 0. See 49 CFR 523.2
• Chambers: A judge's office.
• Control relationship: means the relationship that exists between manufacturers that control, are controlled by, or are under common control with, one or more other manufacturers. See 49 CFR 534.3
• corporation: includes associations, joint-stock companies, and insurance companies. See 26 CFR 36.3121(l)(1)-1
• dealer: means one who engages in the business of manufactured home retail sales. See 12 CFR 1024.2
• Decedent: A deceased person.
• domestic: when applied to a corporation * * * means created or organized in the United States or under the law of the United States or of any State or Territory. See 26 CFR 36.3121(l)(1)-1
• engine: includes internal combustion engines and other devices that convert chemical fuel into motive power. See 49 CFR 523.2
• Entitlement: A Federal program or provision of law that requires payments to any person or unit of government that meets the eligibility criteria established by law. Entitlements constitute a binding obligation on the part of the Federal Government, and eligible recipients have legal recourse if the obligation is not fulfilled. Social Security and veterans' compensation and pensions are examples of entitlement programs.
• Executor: A male person named in a will to carry out the decedent
• Fair Debt Collection Practices Act: The Fair Debt Collection Practices Act is a set of United States statutes added as Title VIII of the Consumer Credit Protection Act. Its purpose is to ensure ethical practices in the collection of consumer debts and to provide consumers with an avenue for disputing and obtaining validation of debt information in order to ensure the information's accuracy. It is often used in conjunction with the Fair Credit Reporting Act. ^{Source: OCC}
• Forbearance: A means of handling a delinquent loan. A
• Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. ^{Source: OCC}
• foreign: when applied to a corporation * * * means a corporation * * * which is not domestic. See 26 CFR 36.3121(l)(1)-1
• Fuel: means gasoline. See 33 CFR 183.605
• Germane: On the subject of the pending bill or other business; a strict standard of relevance.
• Grace period: The number of days you'll have to pay your bill for purchases in full without triggering a finance charge. ^{Source: Federal Reserve}
• Grantor: The person who establishes a trust and places property into it.
• 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}
• Legacy: A gift of property made by will.
• legal holiday: includes New Year's Day, Washington's Birthday, Memorial Day, Independence Day, Labor Day, Columbus Day, Veteran's Day, Thanksgiving Day, Christmas Day, and any other day appointed as a holiday by the President or the Congress of the United States. See 49 CFR 511.15
• Lineal descendant: Direct descendant of the same ancestors.
• major Federal actions significantly affecting the quality of the human environment: as used in this part , shall be construed with a view to the overall, cumulative impact of the actions, other Federal projects or actions in the area, and any further contemplated or anticipated actions. See 49 CFR 520.5
• Mortgage loan: A loan made by a lender to a borrower for the financing of real property. ^{Source: OCC}
• motor carrier: includes all for-hire motor carriers, employers, officers and other persons, however designated, that are registered or required to be registered under 49 U. See 49 CFR 385.901
• Open to the atmosphere: means a compartment that has at least 15 square inches of open area directly exposed to the atmosphere for each cubic foot of net compartment volume. See 33 CFR 183.605
• passenger carrying area: means each area in a boat in which persons can sit in a normal sitting position or stand while the boat is in operation. See 33 CFR 183.205
• passenger carrying area: means each area in a boat in which persons can sit in a normal sitting position or stand while the boat is in operation. See 33 CFR 183.305
• passenger-carrying volume: means the sum in cubic feet, rounded to the nearest 0. See 49 CFR 523.2
• Predecessor: means a manufacturer whose rights have been vested in and whose burdens have been assumed by another manufacturer. See 49 CFR 534.3
• Service of process: The service of writs or summonses to the appropriate party.
• Statute of limitations: A law that sets the time within which parties must take action to enforce their rights.
• stock: includes shares in an association, joint-stock company, or insurance company. See 26 CFR 36.3121(l)(8)-1
• Successor: means a manufacturer that has become vested with the rights and assumed the burdens of another manufacturer. See 49 CFR 534.3
• Trust account: A general term that covers all types of accounts in a trust department, such as estates, guardianships, and agencies. ^{Source: OCC}