§ 42.700 Scope of subpart
§ 42.701 Definition
§ 42.702 Purpose
§ 42.703 General
§ 42.703-1 Policy
§ 42.703-2 Certificate of indirect costs
§ 42.704 Billing rates
§ 42.705 Final indirect cost rates
§ 42.705-1 Contracting officer determination procedure
§ 42.705-2 Auditor determination procedure
§ 42.705-3 Educational institutions
§ 42.705-4 State and local governments
§ 42.705-5 Nonprofit organizations other than educational and state and local governments
§ 42.706 Distribution of documents
§ 42.707 Cost-sharing rates and limitations on indirect cost rates
§ 42.708 Quick-closeout procedure
§ 42.709 Penalties for Unallowable Costs
§ 42.709-1 Scope
§ 42.709-2 General
§ 42.709-3 Responsibilities
§ 42.709-4 Assessing the penalty
§ 42.709-5 Computing interest
§ 42.709-6 Waiver of the penalty
§ 42.709-7 Contract clause

Terms Used In CFR > Title 48 > Chapter 1 > Subchapter G > Part 42 > Subpart 42.7 - Indirect Cost Rates

  • Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
  • 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.
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • 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.
  • 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.
  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way.
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • Statute: A law passed by a legislature.