CFR > Title 48 > Chapter 1 > Subchapter C > Part 17 > Subpart 17.2 – Options
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Terms Used In CFR > Title 48 > Chapter 1 > Subchapter C > Part 17 > Subpart 17.2 - Options
- Contract: A legal written agreement that becomes binding when signed.
- 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.
- 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.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- Statute: A law passed by a legislature.