CFR > Title 41 > Subtitle C > Chapter 109 > Subchapter H > Part 109-50 > Subpart 109-50.2 – Math and Science Equipment Gift Program
Current as of: 2024 | Check for updates
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Other versions
| § 109-50.200 | Scope of subpart |
| § 109-50.201 | Applicability |
| § 109-50.202 | Definitions |
| § 109-50.203 | Eligible equipment |
| § 109-50.204 | Limitations |
| § 109-50.205 | Procedure |
| § 109-50.206 | Reporting |
Terms Used In CFR > Title 41 > Subtitle C > Chapter 109 > Subchapter H > Part 109-50 > Subpart 109-50.2 - Math and Science Equipment Gift Program
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Judgement: The official decision of a court finally determining the respective rights and claims of the parties to a suit.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Life estate: A property interest limited in duration to the life of the individual holding the interest (life tenant).
- 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.
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.