§ 102-34.255 What are motor vehicle replacement standards?
§ 102-34.260 May we replace a Government-owned motor vehicle sooner?
§ 102-34.265 May we keep a Government-owned motor vehicle even though the standard permits replacement?
§ 102-34.270 How long must we keep a Government-owned motor vehicle?

Terms Used In CFR > Title 41 > Subtitle C > Chapter 102 > Subchapter B > Part 102-34 > Subpart E - Replacement of Motor Vehicles

  • 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.
  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • 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.