CFR > Title 48 > Chapter 5 > Subchapter F > Part 538 > Subpart 538.70 – Purchasing by Non-Federal Entities
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§ 538.7000 | Scope of subpart |
§ 538.7001 | Definitions |
§ 538.7002 | General |
§ 538.7003 | Policy |
§ 538.7004 | Solicitation provisions and contract clauses |
Terms Used In CFR > Title 48 > Chapter 5 > Subchapter F > Part 538 > Subpart 538.70 - Purchasing by Non-Federal Entities
- 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.
- 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.
- Personal property: All property that is not real property.
- Public law: A public bill or joint resolution that has passed both chambers and been enacted into law. Public laws have general applicability nationwide.
- 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.