CFR > Title 48 > Chapter 1 > Subchapter A > Part 3 > Subpart 3.5 – Other Improper Business Practices
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Terms Used In CFR > Title 48 > Chapter 1 > Subchapter A > Part 3 > Subpart 3.5 - Other Improper Business Practices
- Amortization: Paying off a loan by regular installments.
- 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.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- 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.
- Statute: A law passed by a legislature.