CFR > Title 45 > Subtitle A > Subchapter A > Part 75 > Subpart E > Special Considerations for Institutions of Higher Education
Current as of: 2024 | Check for updates
|
Other versions
§ 75.418 | Costs incurred by states and local governments |
§ 75.419 | Cost accounting standards and disclosure statement |
Terms Used In CFR > Title 45 > Subtitle A > Subchapter A > Part 75 > Subpart E > Special Considerations for Institutions of Higher Education
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC