CFR > Title 43 > Subtitle B > Chapter II > Subchapter C > Part 3800 > Subpart 3809 > Modification or Replacement of a Financial Guarantee
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Terms Used In CFR > Title 43 > Subtitle B > Chapter II > Subchapter C > Part 3800 > Subpart 3809 > Modification or Replacement of a Financial Guarantee
- 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.