CFR > Title 48 > Chapter 9 > Subchapter I > Part 970 > Subpart 970.32 – Contract Financing
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Terms Used In CFR > Title 48 > Chapter 9 > Subchapter I > Part 970 > Subpart 970.32 - Contract Financing
- Contract: A legal written agreement that becomes binding when signed.
- Lien: A claim against real or personal property in satisfaction of a debt.
- 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.
- 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.