CFR > Title 48 > Chapter 1 > Subchapter C > Part 17 > Subpart 17.1 – Multiyear Contracting
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Terms Used In CFR > Title 48 > Chapter 1 > Subchapter C > Part 17 > Subpart 17.1 - Multiyear Contracting
- Amortization: Paying off a loan by regular installments.
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- 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.
- Statute: A law passed by a legislature.