CFR > Title 34 > Subtitle B > Chapter III > Part 304 > Subpart B – Conditions That Must Be Met by Grantee
Current as of: 2024 | Check for updates
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§ 304.21 | Allowable costs |
§ 304.22 | Requirements for grantees in disbursing scholarships |
§ 304.23 | Assurances that must be provided by grantee |
Terms Used In CFR > Title 34 > Subtitle B > Chapter III > Part 304 > Subpart B - Conditions That Must Be Met by Grantee
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- 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.
- Recourse: An arrangement in which a bank retains, in form or in substance, any credit risk directly or indirectly associated with an asset it has sold (in accordance with generally accepted accounting principles) that exceeds a pro rata share of the bank's claim on the asset. If a bank has no claim on an asset it has sold, then the retention of any credit risk is recourse. Source: FDIC
- 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.