Terms Used In CFR > Title 47 > Chapter I > Subchapter A > Part 0 > Subpart A > Office of Managing Director

• Contract: A legal written agreement that becomes binding when signed.
• 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.
• Oversight: Committee review of the activities of a Federal agency or program.