Terms Used In CFR > Title 45 > Subtitle B > Chapter XIII > Subchapter C > Part 1330 > Subpart B - Requirements for Awardees

• Contract: A legal written agreement that becomes binding when signed.
• Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
• Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. ^{Source: OCC}