§ 686.1 Scope and purpose
§ 686.2 Definitions
§ 686.3 Duration of student eligibility
§ 686.4 Institutional participation
§ 686.5 Enrollment status for students taking regular and correspondence courses
§ 686.6 Payment from more than one institution

Terms Used In CFR > Title 34 > Subtitle B > Chapter VI > Part 686 > Subpart A - Scope, Purpose, and General Definitions

  • Contract: A legal written agreement that becomes binding when signed.
  • 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.
  • 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.
  • Statute: A law passed by a legislature.