CFR > Title 34 > Subtitle B > Chapter VI > Part 682 > Subpart A – Purpose and Scope
Current as of: 2024 | Check for updates
|
Other versions
§ 682.100 | The Federal Family Education Loan programs |
§ 682.101 | Participation in the FFEL programs |
§ 682.102 | Repaying a loan |
§ 682.103 | Applicability of subparts |
Terms Used In CFR > Title 34 > Subtitle B > Chapter VI > Part 682 > Subpart A - Purpose and Scope
- Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Dependent: A person dependent for support upon another.
- 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
- Guarantor: A party who agrees to be responsible for the payment of another party's debts should that party default. Source: OCC
- 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.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.