CFR > Title 41 > Subtitle C > Chapter 109 > Subchapter H > Part 109-45 > Subpart 109-45.3 – Sale of Personal Property
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Terms Used In CFR > Title 41 > Subtitle C > Chapter 109 > Subchapter H > Part 109-45 > Subpart 109-45.3 - Sale of Personal Property
- Contract: A legal written agreement that becomes binding when signed.
- 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.
- Lien: A claim against real or personal property in satisfaction of a debt.
- 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.
- Oversight: Committee review of the activities of a Federal agency or program.
- Personal property: All property that is not real property.