CFR > Title 34 > Subtitle B > Chapter VI > Part 686 > Subpart E – Service and Repayment Obligations
Current as of: 2024 | Check for updates
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Other versions
| § 686.40 | Documenting the service obligation |
| § 686.41 | Periods of suspension |
| § 686.42 | Discharge of agreement to serve or repay |
| § 686.43 | Obligation to repay the grant |
Terms Used In CFR > Title 34 > Subtitle B > Chapter VI > Part 686 > Subpart E - Service and Repayment Obligations
- Contract: A legal written agreement that becomes binding when signed.
- 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
- 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.