CFR > Title 42 > Chapter IV > Subchapter C > Part 431 > Subpart M – Relations With Other Agencies
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Terms Used In CFR > Title 42 > Chapter IV > Subchapter C > Part 431 > Subpart M - Relations With Other Agencies
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Contract: A legal written agreement that becomes binding when signed.
- 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.
- 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.