CFR > Title 43 > Subtitle B > Chapter II > Subchapter C > Part 3500 > Subpart 3510 – Noncompetitive Leasing: Fringe Acreage Leases and Lease Modifications
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Terms Used In CFR > Title 43 > Subtitle B > Chapter II > Subchapter C > Part 3500 > Subpart 3510 - Noncompetitive Leasing: Fringe Acreage Leases and Lease Modifications
- Appraisal: A determination of property value.
- 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.
- 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
- 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.
- Testimony: Evidence presented orally by witnesses during trials or before grand juries.